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

#SAPBusinessNetwork “provides the necessary tools to seamlessly connect buyers and suppliers, streamline #procurement and #supplychain processes, and ensure that every stakeholder thrives in rapidly changing markets,” writes Valerie Blatt, chief revenue officer, SAP Business Network. “By investing in such technology, businesses can build a future-ready supply chain that drives resilience and long-term value,” she notes. Check out her latest blog… #logistics #assetcollaboration #artificialintelligence

Useful tips. 2025 is going to be the year of mainstreaming further basic use cases with AI for our professional lives. AI Tools for Lean Procurement below. #aibasics #aiprocurement #procurementtools

#Top10 #AI Tools for Lean Procurement 🛒 🛒🛒 GEP SMART – AI for streamlining procurement processes. Procurify – Optimizes procurement workflows for agility. JAGGAER – AI-driven procurement solutions for efficiency. Coupa Procurement – Tracks and benchmarks lean procurement KPIs. Fairmarkit – Automates tail spend management. Scoutbee – Focused on supplier optimization and agility. SAP Ariba – Centralizes procurement with lean principles. Precoro – Simplifies the entire procurement lifecycle. Vroozi – Offers AI insights for efficient sourcing.

Procurement Departments Urged To Enhance Data Management Practices CPO Rising (1/20, Bergfors) reports that procurement departments must prioritize data management to maintain accurate supplier and transactional data. Organizations are advised to implement supplier management modules or specialized solutions like apexanalytix, Graphite Connect, or Kodiak Hub for better supplier data management. The adoption of eInvoicing is recommended, with options like Basware or Pagero suggested for compliance and improved transactional data. Spend analytics can help identify data quality issues. The article emphasizes the importance of user-friendly solutions that cater to procurement “customers” and highlights the potential of intake management and procurement process orchestration (IM&PPO) solutions from providers like Zip, ORO, Ivalua, GEP, or SAP Ariba. The need for mandatory eSourcing adoption is stressed, with providers like Esker/MarketDojo, Zycus, Coupa, Jaggaer, Keelvar, Globality, and FairMarkit offering various solutions. The article calls for more impactful generative AI use cases by 2025, noting current limitations such as hallucinations and accuracy issues.

In the continuation of the supply chain topic, I want to share with you how special technological solutions can contribute to 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭. They can be beneficial in many aspects, so let’s find out more about it in more detail. 🔹𝐑𝐞𝐚𝐥-𝐭𝐢𝐦𝐞 𝐭𝐫𝐚𝐜𝐤𝐢𝐧𝐠 Thanks to contemporary tools, you can easily and seamlessly monitor your goods, inventory, and shipments in real time, ensuring better transparency across the supply chain. It allows you to timely address problems as they arise to minimize their possible negative impact. 🔹𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 Centralized platforms for supply chain management provide all stakeholders (suppliers, manufacturers, distributors, customers, etc.) with the capability to access and share critical data, thus improving coordination. 🔹𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 Using such tools, you can also automate repetitive tasks like order processing, invoicing, and inventory management to reduce human errors and save time for other important tasks. 🔹𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞𝐝 𝐥𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 Advanced algorithms and AI can be quite helpful in such tasks as route optimization, transportation costs reduction, and delivery times improvement. 🔹𝐃𝐚𝐭𝐚 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 Many solutions often come with solid integration capabilities. And that’s quite important, as integration helps you to connect scattered applications to create a unified ecosystem and, therefore, improve efficiency. In fact, these are just a few examples of benefits that supply chain management solutions can bring. To share more about them, I’m going to write a number of posts on such solutions specifically from SAP. Please stay tuned if you are interested in it. #supplychain #supplychainsolutions #supplychainmanagement #techinnovation

🚀 **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

SAP has transformed supply chain management through innovative solutions that integrate business processes, enabling greater efficiency, flexibility, and sustainability. SAP’s Business Network connects millions of businesses, driving collaboration across the supply chain spectrum. Tony Harris, Senior VP of SAP Business Network Product Marketing, emphasizes how this network strengthens trading partner relationships and enhances supply chain visibility. SAP’s focus on AI, sustainability, and digital transformation positions it as a leader in enterprise solutions. #SupplyChain #DigitalTransformation #SAPBusinessNetwork