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10 results
Navigating Global Supply Chain Disruptions with AI-based SolutionsApr 29, 2024 — The global supply chain has faced significant upheaval due to various disruptions such as the COVID-19 pandemic, climate-related events, and geopolitical conflicts. These challenges have revealed weaknesses in traditional supply chain models and highlighted the need for resilience and agility. Businesses are dealing with logistical bottlenecks, fluctuating demands, and rising costs, necessitating innovative solutions.
Artificial Intelligence (AI) is reshaping supply chain management, evolving from an emerging technology to a vital tool for operational efficiency. AI technologies like machine learning, predictive analytics, natural language processing, and the Internet of Things (IoT) each play a role in enhancing supply chain functions. Machine learning improves demand forecasting, predictive analytics helps anticipate disruptions, natural language processing enables better communication, and IoT offers real-time tracking and monitoring. Collectively, these technologies enhance risk mitigation and drive supply chains toward new levels of optimization and responsiveness.
6 minute read
SAP AI – Powering the Digital Supply ChainsJul 14, 2023 — AI is not new to supply chain management. Many companies are already using AI to resolve supply chain challenges like sales and operations planning and other supply chain data pools to manage demand fluctuations, supply constraints, production scheduling, and dynamic distribution. Data reveals that AI-enabled supply-chain management has allowed early adopters to improve logistics costs by 15 percent, inventory levels by 35 percent, and service levels by 65 percent, compared with slower-moving competitors. From prediction and forecasting, preventing out-of-stock situations, curtailing late deliveries, handling product recalls efficiently, averting inventory spoilage, and decreasing supplier risk, the potential of AI use in supply chain management is vast.
SAP is strategically positioned to help companies adopt AI across the entire design-to-operate business processes with its integrated approach that allows businesses to digitally connect and enhance their operations throughout multiple stages of product and asset lifecycles.
4 minute read
Morpheus.Network Brand Protection Available on SAP StoreJul 10, 2023 — Morpheus.Network has annouced that its Brand Protection solution is now available on the SAP Store. The solution seamlessly connects with S/4HANA Cloud ERP and provides customers with authenticated product traceability and uses blockchain technology to create a transparent and efficient platform that automates global supply chain processes. It leverages both public and permissioned blockchains, and sidechains to strike a balance between the decentralization benefits of blockchain and the security and privacy needs of user data.
Morpheus.Network aims to aid businesses and government entities in overcoming hurdles related to the digitalization, optimization, and automation of global supply chain operations. Their services include automation and digitization for revenue maximization, protection of sensitive data, and addressing issues tied to outdated supply chain systems, while ensuring effective, fair, and efficient global trade solutions.
2 minute read
Data-Driven Insights for Manufacturing ResilienceApr 19, 2023 — SAP recently made updates to its supply chain solutions with data-driven insights to enhance supply chain operations’ resilience and sustainability. These updates include the integration of artificial intelligence (AI) into the SAP Digital Manufacturing solution, the introduction of 3D product and operations viewer capabilities in manufacturing, service, and maintenance processes, and the incorporation of sustainable packaging guidelines in the SAP Responsible Design and Production solution. The article discusses these innovations by SAP which provide customers with increased visibility into their supply chain operations, ultimately enhancing their resilience to risks and supporting their sustainability goals.
2 minute read
Blockchain for Supply Chain TransparencyMar 27, 2023 — In today's business landscape, companies are increasingly adopting enterprise blockchain to enhance security and transparency. The potential of blockchain to offer faster, more efficient, and cost-effective solutions is more than any other technology. The technology can disrupt traditional supply chain models by changing supply chains operations by introducing new efficiencies and opportunities for businesses across a wide range of industries. Blockchain technology in supply chain management can result in significant improvements, such as expedited and cost-effective product delivery, increased traceability of products, enhanced coordination between supply chain partners, and simplified access to financing. By enabling companies to track and trace materials to their source, verify authenticity and origin, proactively manage recalls, and streamline the flow of goods throughout the supply chain, the technology can radically improve efficiency and security. This article discusses how Blockchain technology can revolutionize supply chain management by increasing transparency, traceability, and efficiency in the movement of goods and information across the supply chain.
3 minute read
Data, Analytics, and Automation for Resilient and Agile Supply ChainsMar 24, 2023 — The difficulties associated with supply chains risks have increased rapidly. These challenges come in various forms, such as significant changes in demand and supply, unexpected disruptions affecting sourcing, manufacturing, and distribution, an increase in the number of product offerings, and alterations in geopolitics and regulations. The pandemic has only heightened these challenges as businesses strive to adapt their supply chains to meet the demands of the VUCA (Volatile, Uncertain, Complex, and Ambiguous) business environment. According to SAPinsider’s latest research report Building Resilient and Agile Supply Chains Leveraging Data, Analytics, and Automation, for organizations, the most crucial capability is the need for integrated planning and analytics capabilities that rely on a centralized, enriched, and harmonized data foundation. This need arises from the challenges they face with their current set of tools and technologies in terms of a lack of integration with other systems which significantly contributes to data fragmentation. This article discusses the findings of SAPinsider's research report, the key challenges that organizations face and the strategies organizations can leverage to build supply chain resiliency and agility.
2 minute read
Understanding the Current and Future State of Supply ChainsNov 10, 2022 — Organizations need to understand the state of supply chains to detect bottlenecks, detect root cases and determine priorities. But the everchanging dynamics of planning, sales orders and inventory are constantly changing making it difficult. It's important to know the current and future status of your supply chain to improve your supply chain KPIs. In this practical webinar we will provide specific steps and advice to help you utilize operational reporting that puts context to your SAP data and help you create a stronger supply chain. You will learn how to:
Identify and reduce excess stock
Detect over-planned purchasing and production
Measure and improve your SAP data quality
Quickly view open sales orders to predict and prevent future backorders
Create dashboards to measure supply chain KPIs
1 minute read
Webinar On-Demand: Tips for Improving the End-to-End Supply Chain with SAP on GoogleOct 6, 2022 — The need for supply chain visibility continues to emerge as a prominent driver in SAPinsider research. In fact, lack of end-to-end visibility was recently cited as the top pain point in supply chain planning.
Considering the criticality of supply chain visibility, business leaders are increasingly looking to the benefits of AI-driven technology and real-time data analytics solutions.
This webinar provides actionable guidance to enable an end-to-end visibility strategy that addresses the growing business imperative of supply chain sustainability. Join experts from T-Systems and Google Cloud as they explore how to:
Identify opportunities to reduce risk and create greater efficiencies across supply chain and production operations, including tips to leverage IoT, blockchain, and AI technology
Adhere to regulatory and compliance guidelines pertaining to supply chain operations, including the Supply Chain Transparency Act
Discuss the importance of sustainability and the decarbonization of supply chains and explore solution offerings that streamline the collection and recording of CO2 emissions data
1 minute read
Ascend Performance Materials Achieves 99.9% Data Accuracy and Massive Time Savings with Supply Chain AutomationNov 5, 2020 — Manufacturing organizations today are under increasing pressure to move faster, reduce errors and risk, and be more efficient. For a company such as Ascend Performance Materials — which produces chemicals, fibers, and plastics for the automotive, electronics, textile, and consumer industries — reducing risk is paramount. The business impact of having bad data could be devastating, and a solid master data governance strategy to ensure clean and accurate data could very well mean the difference between success and failure. This article shares how the master data governance team at Ascend has identified three different areas in the supply chain where processes were lagging or where workflows were ripe for efficiency improvements with automation: the process workflows for fulfilling requests for sample materials, approving and onboarding new suppliers that provide raw materials, and performing mass updates of requests submitted for maintenance, repair, and operations (MRO) materials.
12 minute read
How McKesson Ensures Business Continuity While Accelerating InnovationJul 14, 2020 — McKesson runs one of the largest SAP platforms in healthcare, with 24 SAP instances (running both SAP ERP and SAP S/4HANA systems) in their SAP stack alone. The company’s complex distributed IT environment makes it possible for them to deliver medicines, medical products, and healthcare services to patients in several facets of healthcare. To accelerate the pace at which the company updates its current IT landscape without causing disruption, McKesson uses Tricentis’ enterprise continuous testing platform.
You will learn how McKesson:
- Created a rigorous proof of concept to kick off a three-year IT simplification initiative;
- Reached their goal of rapid software updates without risking business disruption; and
- Is using test automation to prepare multiple workstreams for an SAP S/4HANA roll-out.
9 minute read