SAP launches "Business Network" to improve supply chains
SAP has announced the launch of a new platform called “SAP Business Network” which aims to connect trading partners and strengthen partnerships, improving the way supply chain networks operate.
The German multinational software corporation claims that the new solution will bring SAP’s various business networks together on a single platform developed to make the way that supply chain companies interact with their network and trading partners more unified. The network, which is available now, was revealed at SAP’s global conference, SAPPHIRE NOW.
How will SAP Business Network help the supply chain industry?
Explaining the vision for the new platform, Christian Klein, Chief Executive Officer and Member of the Executive Board of SAP SE, said: “During this unprecedented year, the importance of the communities we’re part of has never been clearer. Our new vision will build the world’s largest business community, enabling customers to easily connect with companies across supply chains and creating networked economies across industries”.
The Unified network will also enable SAP’s trading partners to “leverage combined intelligence and apply learning gained from past experiences to future decisions”. This provides companies with the power to “collaborate and solve some of today’s biggest social, economic, and environmental issues”, SAP said.
SAP Business Network also plans to allow supply chain companies to enhance both their internal and external collaboration, as well as deliver consistent onboarding experiences, and drive positive business outcomes. It also enables them to remain agile and vigilant amid changing network and market trends, SAP said. Other features that the platform intends to offer include:
- Real-time global track and trace integrated to the purchase order application, enhancing supply chain visibility.
- New working capital solution for trading partners with SAP Supplier Financing, providing access to a network of lenders to help improve cash flow.
- Insights and benchmarking to compare performance with industry peers, improving customer service.
SAP hopes to introduce further elements to the platform later in 2021. Meanwhile, trading partners who have already implemented the system have given feedback on it.
Ray Pan, IT Customer Technology Manager of Komatsu Mining Corp, said: “SAP Business Network allows us to communicate with our customers in real-time. The reliability of the platform gives us unparalleled visibility and connectivity with our most critical customers even in changing business environments”.
David Labbe, Digital Business Manager of Reliper Comercial Ltda, added that SAP’s new solution allowed them to communicate with their customers in real-time. The reliability of the platform gives us unparalleled visibility and connectivity with our most critical customers even in changing business environments”.
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.