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SAP Supply Chain: Supply Chain Management
A well-managed supply chain can significantly reduce a company’s operating expenses and increase profits. A supply chain requires active management because it is affected by many factors outside the control of the business. Current events causing global supply chain disruptions include the Russia-Ukraine War and the continuing effects of COVID-19.
SAP Supply Chain: Supply Chain Management
A well-managed supply chain can significantly reduce a company’s operating expenses and increase profits. A supply chain requires active management because it is affected by many factors outside the control of the business. Current events causing global supply chain disruptions include the Russia-Ukraine War and the continuing effects of COVID-19.
Supply chain management is the flow of goods or services between businesses and various locations to get goods to consumers faster and at less cost. Supply chain management encompasses a thread of activities from design and manufacturing to delivery and operations.
Components to enable a resilient and sustainable supply chain management process are:
- Designing recyclable and sustainable products
- Delivering products with low carbon impact
- Planning to reduce emissions and ethically source materials
- Operating in an energy efficient and safe manner
- Manufacturing with minimal waste and environmental impact.
Accurate information helps manufacturers and retailers produce and transport only what they can sell, eliminating unnecessary expenses. Consider simplification by integrating demand planning in the cloud. Predictive analytics, automation, and Internet of Things (IoT) technologies can connect and simplify processes, allowing you to gain visibility across forecasting, response and supply, replenishment, and inventory.
Key Capabilities of Supply Chain Management:
- Supply Chain Planning: Agile market-driven plans with visibility, collaboration, and intelligence.
- Supply Chain Logistics: Fast, efficient, and sustainable logistics.
- Manufacturing: Streamlining with artificial intelligence, loT, and integration.
- Product Lifecycle Management: Connecting systems, people, and processes with end-to-end digital innovation.
- Enterprise Asset Management: Improving asset performance and reliability.
Benefits of Supply Chain Management:
- Optimizing the flow of materials, products, and information.
- Improving data visibility.
- Enhancing financial practices and cost cutting.
- Improving vendor relationships.
- Operating with lean and on-demand inventory.
- Reducing liability and risk.
Key Considerations for SAPinsiders
- How to Deliver Greater Visibility into the Operational KPIs that Drive Your Business. In this webinar, hear insights from SAP around how to build a powerful analytics foundation. Discover how to focus less on historical KPI’s and more on predictive process automation, how to reprioritize KPIs that show historical performance, develop operational decision support for end-to-end supply chain processes, and stop development of custom reporting.
- 5 Ways to Enhance Your SCM with Smart Data. Explore expert insights from Robert Brice, President and CTO, RFgen. Start with the basics for a digital transformation of your supply chain, discover how to gain competitive advantage by implementing efficiencies, address inefficiencies, shortage of labor, and address security.
- Salling Group Expands Its Market Reach With SAP. In this article, see how Salling Group used SAP ERP to ensure data uniformity, enhance warehouse efficiency, and consolidated logistics transactions with Redwood.
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SAP Business Network: A Digital Network for Industry-Specific Buyer-Supplier CollaborationJun 19, 2023 — The SAP Business Network offers a comprehensive platform tailored to meet the specific needs of industries, providing companies with a collaborative and transparent solution for their supply chains. It promotes business growth by facilitating seamless connections with trade partners and ensuring resilience and sustainability. With a multi-directional approach, the SAP Business Network enables collaboration across various processes including indirect and direct procurement, supply chain management, logistics, asset collaboration, finance, and talent management.
This article highlights how SAP Business Network provides collaboration across processes, including indirect and direct procurement, supply chain, logistics, asset collaboration, finance, and talent.
2 minute read
Connecting the Fragmented Supply Chain through DataMay 26, 2023 — Supply chains are a fragmented mess, plagued by siloed teams and systems, low visibility, manual operations, and poor customer experience. The best efforts of enterprises to overcome these challenges are hampered by poor connectivity and low data quality. On top of this, the global supply chain is facing unprecedented challenges, including labour shortages, supply chain disruptions, infrastructure bottlenecks, and limited capacity across all transportation modes. project44 is solving these problems with a data platform that serves as the connective tissue for supply chains, enabling any company invested in moving goods across the globe to exceed ever-higher customer expectations and be agile in the face of disruptions.
1 minute read
Increase Supply Chain Visibility For Agile And More-Sustainable Operations May 26, 2023 — The world we live in has been turned upside down and more than ever we need resilient supply chains that are forward-thinking, intelligent and flexible. Logistic leaders need the visibility to quickly and accurately make informed decisions that enable their organization to see, predict and respond to global supply chain dynamics. Achieving end-to-end visibility across the supply chain as the digital twin of operations is the baseline for any resilient and sustainable supply chain. Learn how the SAP Supply Chain solutions provide real-time insights to help you predict disruptions and respond with intelligence.
1 minute read
View from the Top – Building a Transport Capability to Drive Growth & Scale at CSRMay 26, 2023 — Cameron Webb, Executive General Manager, Transformation, Technology and Digital at CSR Limited, shares a little about the structural changes made to streamline business units towards a “One CSR Way” which includes equipping the organisation with enabling technology to support this new operating model.
1 minute read
SAP Global Trade Services (SAP GTS) Sanctioned Party List ScreeningMay 17, 2023 — Many companies believe they can skip screening their sales and purchase orders against sanctioned party lists when dealing with foreign entities. Some argue that they either know their business partners or don't want to invest in a systematic screening process. Others claim to rely on manual screening or conduct it after orders have already been processed and shipped. However, these companies often face fines when they realize they have shipped to prohibited entities. As of 2020, violating the Trading with the Enemy Act results in fines of $90,000 per violation, while violating the International Emergency Economic Powers Act carries a fine of approximately $308,000 per violation. This article discusses SAP’s Global Trade Services (GTS) which has screening capabilities that mitigate the risk involved in trading with the sanctioned parties. The solution allows for screening in real time as purchase and sales orders, and deliveries are entered into the system. The system also checks business partners and documents against the sanctioned lists and determines the future disposition of the partner/document based on system configuration.
7 minute read
Create a Sustainable, Connected Supply Chain Through Insight and AutomationApr 27, 2023 — Click Here to View the Session Deck Have you ever wondered why you need to access twenty different SAP transactions to get a full picture of supply and demand? Or, why do most supply chain projects only focus on planning and reporting? Does anything happen in between the plan and the results? If these questions […]
1 minute read
How Cost Scrutiny Leads To Supply Chain And Inventory ControlsApr 18, 2023 — Graham Macleod will present how reporting and cost scrutiny in a down market saved Precision Drilling significant dollars on their supply chain spend. How technology supported finding the parts, matching them to equipment, eliminating free text purchases and removed risk from the operation. This address will be a fast-paced fire hose of information and concepts from Graham who holds a senior level in the Precision Drilling organization. In this address Graham Macleod and Norm Poynter will recap the past few years of Precision Drillings implementation and use of SAP S/4 Technologies.
1 minute read
Risk-resilient and sustainable supply chains with SAP Digital Supply Chain solutionsApr 17, 2023 — Building 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.
2 minute read
PreBilt™ – Univar Case StudyApr 11, 2023 — Univar Solutions is a global chemical and ingredients distributor, that improved its warehouse processes by updating its outdated SAP Warehouse Management (WM) solution using an intelligent mobile solution. The solution, PreBilt™, is a range of out-of-the-box mobile applications for the SAP supply chain that allows users to carry out end-to-end supply chain activities from goods in to goods out on a mobile device, with transactions updated in SAP in real-time. The applications were customized to simplify the complex picking and putaway processes, reduce the paperwork and administration resource, and bring real-time visibility of all stock movements. The introduction of PreBilt™ resulted in greater stock accuracy, traceability, productivity, user engagement, and tangible business savings of £30,000 from the overtime budget for stocktakes and the administration resource freed up to add value and support customers.
1 minute read
Supply Chain Mobility: Digital TransformationApr 5, 2023 — This thought leadership piece explains the importance of digitalizing end-to-end supply chain processes to streamline operations, enhance productivity, and provide customers with the experience they expect. The changing customer purchase patterns and increased demand for faster delivery times have put pressure on warehouses to manage inventory more accurately, making digital transformation imperative. While the market for Warehouse Management Systems is expected to grow, it is crucial to ensure that the system is utilized to its full potential. A mobile solution can revolutionize warehouse operations, reduce walking time, and increase productivity, providing real-time insights to ensure accuracy and efficiency throughout the supply chain.
1 minute read