The agreement will see both vendors leverage their industry expertise and bring together their complementary software solutions for product lifecycle, supply chain and asset management.
For customers, it means that they can drive innovation and collaborative business models to speed up their digital transformation journeys.
“Combining Siemens’ Teamcenter and SAP S/4HANA software provides companies an end-to-end process capability from product design to decommission,” said Bob Parker, senior vice president of industry research at IDC.
“The IT benefits of pre-integration of PLM, ERP, asset management and supply chain applications and the business benefits from having a more resilient response to changing market demand make this a compelling consideration for companies seeking a competitive advantage in the digital economy,” he added.
According to the announcement, it is the first truly integrated and enhanced solutions for product lifecycle management (PLM), supply chain, service and asset management.
"Digital transformation will be critical for the manufacturing industries to increase productivity, flexibility and accelerate innovation, so companies must come together in new ways to enable the digital enterprise,” said Klaus Helmrich, member of the managing board of Siemens AG and chief executive officer of Siemens Digital Industries.
“This exciting collaboration between two industry leaders is about more than just interoperability and interfaces; it is about creating a truly integrated digital thread that unites product and asset lifecycle management with the business that enables customers to optimize production of products,” he added.
As a first step in the partnership, SAP will offer Siemens’ Teamcenter® software as the core foundation for product lifecycle collaboration and product data management. Siemens will offer SAP® Intelligent Asset Management and SAP Project and Portfolio Management solutions to maximize the business value for manufacturers and operators across networks.
Both companies will collaborate to develop applications from an end-to-end lifecycle perspective to help customers achieve a seamless digital thread that improves overall business performance.
The partnership tackles the biggest disconnect between business engineering. It will help customers to break down silos between these two parts of the company, so that manufacturers, product design teams and service managers have the information needed to create and manage customer-centric product and service offerings.
“As manufacturers design and deliver smarter products and assets, access to real-time business information across networks is critical to bring new and improved innovations to market faster,” said Thomas Saueressig, member of the Executive Board of SAP SE and responsible for SAP Product Engineering.
“Bringing together expertise from SAP and Siemens to offer Industry 4.0-enabled business processes allows enterprises to create a digital thread for the entire product and asset lifecycle. With this end-to-end solution, teams across the business network can efficiently work together to design and deliver innovative products productively, profitably and sustainably.”
As the next step, both SAP and Siemens are looking to create solutions that combine their technologies to help companies shorten time-to-market by leveraging Industry 4.0-enabled data.
It will also give organizations the benefit of incorporating customer insights into product development through a comprehensive solution, from product design to service and asset management.