Jul 14, 2023
•4 minute read
supply chain resiliency
SAP AI – Powering the Digital Supply ChainsAI 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.
Five Supply Chain Strategies to Achieve Resiliency and Avoid RiskVarious factors, such as geopolitical instability, the global COVID-19 pandemic, escalating fuel prices, rampant inflation, augmenting regulations, and international demand for CO2 emissions reduction, have strained numerous organizations. Executives comprehend that any of these conditions could unexpectedly ignite, disrupting their business operations. Given the multitude of other potential risks, there is absolutely no margin for weak spots in the supply chain. A global survey conducted by Oxford Economics and SAP involved 1,000 supply chain executives across 10 nations and 15 industry sectors revealed that supply chain executives:
• Encounter challenges with customer expectations, mainly preserving product and service quality while enhancing interaction pace.
• Occasionally overlook the impact that effective collaboration and transparency in supply chain processes have on catering to customer requirements.
• Are seeking innovative technologies to mitigate risk.
• Are increasingly recognizing the imperative nature of establishing sustainable business operations.
The article focuses on five steps that can help organizations develop resiliency and avoid risk.
Jun 19, 2023
•2 minute read
Risk-resilient and sustainable supply chains with SAP Digital Supply Chain solutionsBuilding risk-resilient and sustainable supply chains is becoming increasingly important for organizations who want to succeed in today's global marketplace. This requires a holistic approach to supply chain management that focuses on collaboration, technology, and culture, as well as a commitment to sustainability and risk management. By adopting an approach that connects processes, contextualizes decisions, links real-time operational and business data, and collaborates with the ecosystem, organizations can create resilient, sustainable, and responsible supply chains that deliver value to their customers, while also contributing to a more sustainable future for all. This article discusses SAP's digital supply chain solutions and SAP's approach for building risk-resilient and sustainable supply chains.
Apr 17, 2023
•2 minute read
Data, Analytics, and Automation for Resilient and Agile Supply ChainsThe 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.
Mar 24, 2023
•2 minute read
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