Standard Foods partners with Rimini Street to fund AI-powered predictive data analytics project

Rimini Support™ for SAP helps manufacturers reallocate resources, improve supply chains, and increase profitability and operational efficiency.

LAS VEGAS- Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of end-to-end enterprise software support, products and services for Oracle and SAP software A first-class third-party support service provider and an AWS partner. Standard Foods Corporation has selected Rimini Support™ for SAP to achieve significant cost savings, improve support for its mission-critical SAP systems and reallocate IT resources to more profitable projects, the company announced today. , thereby promoting the growth of Taiwan’s leading food manufacturer and distributor.

Jerry Lee, Director of Information Technology at Standard Foods, shared: “Rimini Street immediately cut our annual support costs in half and helped improve our SAP system operations. With increased efficiency, the IT team can focus on leveraging data to improve sales forecasting. This is an important change for Standard Foods and will benefit our partners and distributors, and Rimini Street makes it possible.”

Better software support allows businesses to focus more on data planning

In the process of searching for better software support, several IT partners and peers strongly recommended that Standard Foods try Rimini Street.

Lee said, “What impressed me most about Rimini Street was that they took the time to understand our system and vision in detail. Sometimes, Rimini Street can provide timely support for issues that take SAP weeks to solve. “It really makes a world of difference,” he added: “The combination of rapid response and expert solutions allows us to increase our investment in artificial intelligence and machine learning while requiring fewer employees to maintain these systems. Running at full speed.”

Lee shared, “With Rimini Street, we only need three people to support the five SAP modules we use to maintain full functionality.” This frees up Standard Foods’ IT team to work on strategic issues. Projects, such as converting SAP BI reports to Power BI and cloud machine learning for data analysis. By integrating artificial intelligence and real-time data, Standard Foods has improved the decision-making capabilities of the entire supply chain.

Lee noted: “Forecasting order quantities is an ongoing challenge for manufacturers, and errors in the supply chain can impact profitability. By running various modules equipped with real-time data and artificial intelligence tools, we can both Improving order suggestions can also improve the procurement process.”

Flexible control over IT roadmap eases S/4HANA upgrade pressure

As a SAP ECC store, Standard Foods is one of many SAP customers whose ECC platform will no longer receive vendor support after 2027. But they are not anxious about this because the partnership with Rimini Street gives them complete control over their IT roadmap.

Lee said: “Currently, moving to S/4HANA is not our top priority, nor do we consider it a strategic move for the enterprise. The ROI is simply non-existent. Maybe it may be considered in the future, but for now we will put our efforts and The focus is on innovation, growth and profitability.”

Tyler Munger, vice president of analytics at Rimini Street, said: “One of the areas where artificial intelligence is playing a huge role in the supply chain is demand forecasting. According to industry analysts, compared with traditional time series-based methods, combining real-time and multiple data sources “AI forecasting technology can reduce forecast errors by as much as 50%. Many manufacturing clients working with Rimini Street are investing in AI-powered improvements to help them achieve their top and bottom line goals.”

Rimini Street makes Lee feel at ease. He knows that the team can obtain SAP-related professional information at any time and around the clock while the team continues to develop the information technology roadmap, with an average response time of no more than 2 minutes. This strategic partnership allows Standard Foods to continue its mission of promoting healthy living by using data to optimize operations.

To learn more about how Standard Foods’ partnership with Rimini Street can help it achieve its business goals, click here .

Explore Rimini Street’s complete product portfolio for SAP and Oracle applications , including responsive, trusted and proven support, managed services, security, integration, observability, professional services and Rimini ONE™ end-to-end End-to-end outsourcing solutions help drive competitive advantage, profitability and growth.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000 ^® company, is a global provider of end-to-end enterprise software support, products and services, a leading support services third party for Oracle and SAP software, and AWS partners. The company operates globally and provides a comprehensive range of unified solutions for running, managing, supporting, customizing, setting up, connecting, protecting, monitoring and optimizing enterprise applications, databases and technology software, allowing customers to Create better results, dramatically reduce costs, and reallocate resources toward innovation. Today, more than 5,600 Fortune 500 companies, Fortune Global 100 companies, midsize companies, public utilities and other organizations from all walks of life choose Rimini Street as their trusted enterprise software solutions provider. For further details, please visit: riministreet.com and connect with Rimini Street on X (formerly Twitter), Instagram, Facebook and LinkedIn. (IR-RMNI)

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