Joern Keller’s Post

How can supply chains stay resilient.... even when facing up to increased demand? Take five mins to read this insight from SAP's Tony Harris - in Aaron McMillan's Procurement Magazine feature #procurement #supplychain #technology https://lnkd.in/eB443TpB

“Businesses must use integrated technologies to keep track of their suppliers and their suppliers’ suppliers,” says Tony Harris, senior vice president and chief marketing officer, SAP Business Network. “They need a sophisticated solution that not only connects #supplychain and #logistics data across an organization but also organizes a global network of suppliers, including logistics providers and more, in one platform to enable efficient collaboration. This visibility gives leaders a heads-up on potential disruptions and allows them to quickly identify a backup plan and provides other critical information like environmental impact,” he explains. #SAPBusinessNetwork #procurement #assetcollaboration #artificialintelligence

“Improving collaboration with other business stakeholders will be the key to strengthening procurement’s role within the organization,” writes my colleague Gordon Donovan. “Today’s technology-driven initiatives are as much a human challenge as they are a technology one, and when organizations are planning these initiatives it is clear that they need to consider people, process and technology in equal measure to ensure success,” he points out. Check out his latest article. SAP Ariba #SAPBusinessNetwork #procurement #supplychain #logistics #assetcollaboration #artificialintelligence

Step into the future of spend management with SAP's predictions for 2024! From the continued dominance of generative AI to the evolution of procurement strategies focusing on supply chain resilience, SAP's leaders share insights on the technologies and approaches shaping the business landscape. Read the article for more 👉https://imsap.co/6047n4TwW

Transform your purchasing experience with intuitive, policy-compliant solutions tailored for modern businesses. Enhance efficiency, ensure compliance, and enjoy personalised recommendations. Dive into the future of procurement and stay ahead. Read more: https://ow.ly/3nkE50R0Jmh #supplychain #procurementtransformation #digitaltransformation #suppliers #sourcing #SAP #Ariba AI #Procurement #SAPAriba #GuidedBuying

Great advice on how to manage seasonal demand in the heat of the summer from Zoryana Zagorodnya. #Supplychain , #demandplanning, #logistics, #sustainability, #visibility and more

🚀 **Digitalization of Procurement: The Future is Here!** 🌐 In today’s fast-paced business environment, procurement is evolving beyond traditional practices, and digitalization is the key to unlocking new efficiencies. By integrating advanced digital tools and technologies, organizations can streamline their procurement processes, optimize costs, and build stronger supplier relationships. Here are some impactful ways to implement digital procurement: 1. **Adopt Cloud-Based Procurement Platforms (SAP Ariba, Coupa)**: Transitioning to cloud solutions offers real-time visibility into procurement activities, enhances collaboration with suppliers, and reduces paperwork. It’s about moving from reactive purchasing to **strategic sourcing**! 2. **Leverage Data Analytics**: Utilize spend analysis and demand forecasting tools to identify cost-saving opportunities, optimize inventory, and prevent stockouts. By analyzing data trends, procurement teams can make informed decisions and improve supplier performance. 3. **Automate Routine Processes**: Automation of Purchase Orders, Invoice Matching, and Contract Management reduces errors and speeds up the procurement cycle. This helps free up resources for more strategic tasks, such as negotiation and supplier development. 4. **Implement e-Auctions and Reverse Auctions**: Online bidding platforms enable transparent competition among suppliers, leading to better pricing and terms. It’s a win-win for both buyers and suppliers! 5. **Integrate AI & ML in Vendor Management**: Use AI-powered tools to evaluate vendor performance, predict risks, and enhance supplier collaboration. Machine learning algorithms can also streamline sourcing by matching the right suppliers with the right contracts. 6. **Enhance Compliance and Sustainability Tracking**: Digital tools can ensure compliance with procurement policies and help track sustainability metrics. This is critical as companies strive to meet **ESG (Environmental, Social, Governance)** goals. The shift to a digital procurement strategy is not just about technology—it’s about creating a more agile, transparent, and value-driven supply chain. 🌱 What’s your take on procurement digitalization? Let’s drive this change together! #Procurement #DigitalTransformation #SupplyChain #Sourcing #CostOptimization #SAPAriba #Automation #AIinProcurement #SustainableProcurement #Innovation

The awareness of the need for resilience in supply chain has never been higher - every catastrophe underscores the point. Lucky there is a gathering of experts in Chicago to learn how to better use automation and AI to boost resilience :) Be great to avoid supermarket aisle fights over toilet paper...

💡 Digital ecosystems are transforming the shape of supply chains worldwide. Tony Harris, SAP's Chief Marketing & Solutions Officer, recently shared some thought-provoking insights with Supply Chain Digital about the increasing importance of digital ecosystems in the supply chain. Here are some key takeaways: 1️⃣ The supply chain is no longer a linear process. It's a network of suppliers, plants, transportation companies, and micro-fulfilment specialists. 2️⃣ Digital ecosystems enable organizations to streamline processes, solve problems quickly, and create value in real time. 3️⃣ Being part of a network allows companies to work together towards achieving sustainability goals. 4️⃣ SAP Business Network has seen a 14% growth in transactional relationships over the past year, with a focus on innovation, particularly in generative AI. 5️⃣ Digital networks provide visibility across the supply chain, enabling companies to anticipate issues, adapt quickly, and avoid unnecessary costs. For more details, check out the full article here. What are your thoughts on this transformation? https://lnkd.in/ezATr27R #DigitalEcosystem #SupplyChain #Sustainability

Today's forward-thinking manufacturers are reshaping their tech ecosystems to thrive in any economic climate. Embracing the power of #AI in contracting is key to unlocking untapped potential throughout the enterprise. Learn more and check out the #Manufacturing IQ Series, featuring insights from industry leaders Icertis and SAP.