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NewBoy Partners with MDSap Tech for SAP for Retail on HANA
Published Jun 16, 2015
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NewBoy, the region’s leading distributor of toys, stationery, food, and nursery products, and SAP, the market leader in enterprise application software, and MDSap Tech, a regional provider of world-class integrated solutions, announced today an agreement for the supply and maintenance of SAP Retail on HANA Platform to NewBoy.
With an extensive distribution network across the Middle East and North Africa, NewBoy is ideally positioned to leverage the real-time in-memory capabilities of the SAP HANA platform to drive innovation.
Thanks to new malls, luxury retail, brands and branches, and growing e-commerce, the GCC’s retail sales are set to grow at 7.3 percent CAGR to 2018, when it will reach USD 284.5 billion. The UAE in particular is a hub, with retail sales growing by 20 percent from 2009 to 2013, when it reached USD 51.2 billion.
With SAP HANA analyzing large volumes of data, NewBoy can identify customer trends and stocking patterns, unlock new opportunities for customer promotions, and enhance costs and IT flexibility.
Bassam Abidin, Chief Operating Officer at NewBoy said: “The accelerated growth rate NewBoy experienced during the past two years and the new businesses we expanded into, have presented us with a new set of challenges from to order-to-cash process, to inventory management, to agile and single version of truth reporting platform.
“This strategic journey we embarked on with SAP today will drive operational excellence, optimize inventory planning and forecasting, and increase efficiency across the organization. The SAP on HANA platform will further leverage our decision making, budgeting, and control allowing complete visibility through SAP’s business intelligence and mobility tools,” added Bassam Abidin.
Tony Achkar, Group Managing Director of MDS ap Tech, said: “We are delighted to be the partner of choice to work with NewBoy and SAP on this project. By adopting SAP Retail on HANA, NewBoy will be shifting from its current disconnected processes into working with a streamlined, automated, best practice based system that will allow the company to manage and grow their business in a much more efficient manner. On the other hand, SAP HANA will have a meaningful impact on NewBoy’s sales, revenue as well as customer retention as NewBoy management will be able to make decisions and take timely actions based on real time data from their stores and company facilities. ”
As Alpen Capital predicts the expansion of the UAE’s home-grown retail brands will set off another wave of retail sector growth, NewBoy is demonstrating best practices in infusing technology in the retail sector.
Tayfun Topkoc, Managing Director, SAP UAE, said: “We’re dedicated to guiding NewBoy, one of the UAE’s leading home-grown brands, in their expansion journey, in line with their goals of being an innovative and sustainable company.
“Our SAP for Retail on SAP HANA leverages global best practices in enabling NewBoy to simplify their business practices and deliver new levels of operational efficiency. As a result, NewBoy can transform the customer experience and enhance its role as an innovation leader in the region’s rapidly-growing retail-based economy,” added Topkoc.
Posted by
VMD - [Virtual Marketing Department]
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