Digitalised procurement processes, data visualisation, and business networks have ushered in a new era of visibility, collaboration, and strategic decision-making. “…dealing with uncertainty does not mean operating our businesses blindly. In 2022 business activity totalling $4.9 trillion US occurred in the SAP Business Network and this growth trend will continue in 2023.Īccording to SAP’s Chief Revenue Officer for Intelligent Spend and Business Network, Jeff Collier, transparency and data visualisation are helping business leaders with strategic decisions: With 77% of global transactions involving SAP software, SAP Business Network is growing rapidly. Logistics and spend management executives are looking for technological solutions that allow them to share information with trusted partners across these networks so they have the ability to predict breaks and delays before they affect production and distribution. The emphasis has shifted from short term reactions to supply chain shocks to sustainable and resilient supply chain networks. Technology can help organisations strike the right balance by enabling more real-time collaboration between trading partners.” Still, cost remains a factor, especially in the current economic environment. The pandemic and the snowball effect of related disruptions exposed this fragility, which has organisations refocused on resiliency. “Over the last couple of decades, the ‘just in time’ approach traded resiliency for efficiency and lower costs, which in turn made the supply chain fragile. Scott Russell, executive board member and Customer Success lead at SAP summarises: Global inflationary trends and a potential recession are now causing enterprises to once again reassess their approach to logistics. The same macro economic events of the last few years will continue to disrupt traditional supply chain models, and these will be compounded by the continuing Ukraine war in particular. This week we will take a look at changes to SAP solutions, and some of the long-term trends in the SAP ecosystem impacting our professional lives in the months to come. IgniteSAP would like to wish all members of our community a happy, healthy and prosperous 2023.

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