SAP Ariba to offer customers insight on more than 200 supplier risks
SAP Ariba is to offer companies access to additional insights as part of its supplier risk solution, enabling companies to track more than 200 risk types and more effectively manage their costs.
The new insights will cover factors such as social, environmental, and sustainability and will be offered in collaboration with new partners such as EcoVadis, a leading provider of sustainability, risk and performance ratings for global supply chains, and Verisk Maplecroft, a principal source of global risk analytics and research.
By enabling a standard programmatic interface, SAP Ariba says it will equip risk managers to bring increased sophistication to their programs, using SAP Ariba’s supplier risk solution as a platform.
“Evidence is mounting that environmental, social and governance factors can create long-term performance advantages, and in opening access to additional inputs on this front, SAP Ariba can help companies gain this edge,” said Tony Harris, Vice President & General Manager, Supplier Management Solutions SAP Ariba.
“Our supplier risk solutions deliver the information and transparency needed to effectively manage risk across the entire source-to-settle process and in addition to lowering costs and increasing efficiencies, enable companies to create a positive impact on the world.”
In a release, SAP Ariba said that by investing in the expanded inputs, companies will gain the ability to identify and understand supplier exposure across the full spectrum of global sustainability risks and leverage performance data to determine how well they manage their operations against these issues.
“Rapid economic changes and increased regulations have combined to make business riskier than ever. And much of this risk lies in the supply chain,” said Mickey North-Rizza, Vice President of the Enterprise Applications and Digital Commerce research practice at independent research firm IDC.
“To protect themselves, companies need a complete view into every supplier they work with along with real-time insights so that they can detect and mitigate potential risks before they negatively impact their operations.”
Grupo Espinosa: 70 years of constant evolution
Founded in 1952, Grupo Espinosa has been relentlessly supporting the publishing industry with producing more than 100 million copies every year – whether its books, magazines, catalogues or single-order custom prints. No project is big or small for Grupo Espinosa, as the facility can scale up on demand and their turnaround times are highly competitive. Grupo Espinosa works with on-demand digital press or offset press, in paperback with glued softcover binding, PUR softcover binding, stitched paperback binding, binder’s board, hardcover, saddle stitched, Spiral or Wire-O. Equipped with the experience needed for a product to leave the plant ready for distribution, Grupo Espinosa delivers anywhere inside or outside Mexico. Traditionally starting off as a black and white printing press, Grupo Espinosa has experienced transformation first hand – from colour to digital offset printing. Currently, Grupo Espinosa is also looking at making capital investments into audio books to match with the increasing demand.
So how did a seemingly local operation in Latin America become a world-renowned printing facility trusted by hundreds of clients? As Rogelio Tirado, CFO of Grupo Espinosa for the last six years says “It all comes down to our market experience and our dedication to quality”. With nearly 70 years behind them, and located in Mexico City, Grupo Espinosa has two major locations – one spanning 75,000 square metres and the other about 45,000 square metres. Both locations are controlled by a single ERP (Enterprise Resource Planning) system ensuring speed, consistency and quality of work. Tirado says this isn’t their only competitive advantage. He adds “Our competitive advantage is the relationship we have with customers and the trust they put in us with their intellectual property”. Speaking of trust, global publishing giant Macmillan Education exclusively partners with Grupo Espinosa for their Latin America operations, as part of Macmillan’s decentralized hub strategy. Having a facility that offered the full spectrum of service – from storing digital content to printing and distributing – was one of the major requirements for Macmillan, and Grupo Espinosa was recognized as the leading printing hub for providing this 360 infrastructure. Another factor that has led to success for Grupo Espinosa is the absolute focus on quality and time. The staff are committed to providing the best quality in the best possible time, without causing wastage of resources. Sustainability is a huge factor playing into Grupo Espinosa’s operations, and they’ve created a healthy environment with the sustainable use of paper and energy resources as well as keeping their employees – most of them associated with the organisation for over 10 years – happy. He adds, “In order to be truly successful, you need to be good to the environment, employees, suppliers, and your customers. But most importantly, you need to be sustainable, you need to have proper working conditions, pay proper salaries, proper prices for paper, source the paper from sustainable sources, pay your taxes, basically be a good global corporate citizen and that's probably one of the biggest achievements that we have.”