{"id":1946,"date":"2021-07-14T13:35:28","date_gmt":"2021-07-14T13:35:28","guid":{"rendered":"https:\/\/news.sap.com\/belgie\/?p=1946"},"modified":"2024-07-29T17:04:51","modified_gmt":"2024-07-29T17:04:51","slug":"supply-chain-efficiency-answers-the-demands-of-b2b-customers-value-chains","status":"publish","type":"post","link":"https:\/\/news.sap.com\/belgie\/2021\/07\/supply-chain-efficiency-answers-the-demands-of-b2b-customers-value-chains\/","title":{"rendered":"Supply Chain Efficiency Answers The Demands Of B2B Customers&#8217; Value Chains"},"content":{"rendered":"<p>Much like economies, communities and individuals, businesses directly impact each other, especially when they are part of the same value chain. This year alone, a single tanker got stuck in the Suez Canal, making businesses worldwide collectively lose\u00a0<a class=\"color-link\" title=\"https:\/\/www.cnbc.com\/2021\/03\/29\/suez-canal-is-moving-but-the-supply-chain-impact-could-last-months.html\" href=\"https:\/\/www.cnbc.com\/2021\/03\/29\/suez-canal-is-moving-but-the-supply-chain-impact-could-last-months.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-ga-track=\"ExternalLink:https:\/\/www.cnbc.com\/2021\/03\/29\/suez-canal-is-moving-but-the-supply-chain-impact-could-last-months.html\" aria-label=\"$400 million per hour\">$400 million per hour<\/a>\u00a0for more than six days. Then came\u00a0<a class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/sap\/2021\/05\/14\/one-small-crack-in-a-bridge-one-giant-crack-in-the-supply-chain\/?sh=67ebbba848b4\" href=\"https:\/\/www.forbes.com\/sites\/sap\/2021\/05\/14\/one-small-crack-in-a-bridge-one-giant-crack-in-the-supply-chain\/?sh=67ebbba848b4\" target=\"_self\" rel=\"noopener\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/sap\/2021\/05\/14\/one-small-crack-in-a-bridge-one-giant-crack-in-the-supply-chain\/?sh=67ebbba848b4\" aria-label=\"a crack in a Mississippi bridge\">a crack in a Mississippi bridge<\/a>\u00a0that delayed deliveries for months. All the while, unpredictably violent storms, border closures, tariffs, and broken trade agreements continue to disrupt the ability to move goods.<\/p>\n<p>Meanwhile, the bullwhip effect of consumer demand continues to catch up with midsize companies that produce components for their B2B customers&#8217; value chain. When their customers are expected to fulfill consumer needs and preferences with fast innovation and even quicker delivery, keeping up with orders \u2013 while protecting their workforce, sustainability impact, and profitability \u2013 becomes challenging without the proper support.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><strong>A connected supply chain is a responsive supply chain\u00a0<\/strong><\/h2>\n<p>What&#8217;s more important? That one question always runs across my mind when a significant market disruption or opportunistic shock happens. Even when the figurative floor dropped last year, I initially said uncertainty, cash flow, and employee safety were primary concerns.<\/p>\n<p>But after watching market behaviors evolve, driving operational efficiency and building supply chain resiliency should be top priorities when dealing with such volatility \u2013 and midsize companies are beginning to take note.<\/p>\n<p>According to IDC Info Snapshot, &#8220;<a class=\"color-link\" title=\"https:\/\/www.sap.com\/cmp\/dg\/driving-efficiency-and-resiliency\/index.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" href=\"https:\/\/www.sap.com\/cmp\/dg\/driving-efficiency-and-resiliency\/index.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=blog-belux-news-Howells-SupplyChain\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-ga-track=\"ExternalLink:https:\/\/www.sap.com\/cmp\/dg\/driving-efficiency-and-resiliency\/index.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" aria-label=\"Business Reimagined: Driving Efficiency and Resiliency\">Business Reimagined: Driving Efficiency and Resiliency<\/a>,&#8221; sponsored by SAP, 33% shared that &#8220;becoming more agile and flexible&#8221; is a top-five business priority, which has never been the case in the past.<\/p>\n<p>Industry differences aside, delivering on these goals requires improved connectivity across the supply chain with three fundamental capabilities:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Extended planning and analysis<\/strong>\u00a0to sense, predict, and respond to change more productively<\/li>\n<li><strong>Industry 4.0<\/strong>\u00a0to increase productivity and agility through sustainable processes and practices across the supply chain<\/li>\n<li><strong>Business networks<\/strong>\u00a0to strengthen collaboration with suppliers and B2B customers<\/li>\n<\/ul>\n<div class=\"article_paragraph_7\"><\/div>\n<div><\/div>\n<p>By having these tools in place, midsize businesses can position themselves well to respond to changes in their B2B customers&#8217; value chain. As a starting point,\u00a0integrated<a class=\"color-link\" title=\"https:\/\/insights.sap.com\/what-is-xpa?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" href=\"https:\/\/insights.sap.com\/what-is-xpa?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=blog-belux-news-Howells-SupplyChain\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-ga-track=\"ExternalLink:https:\/\/insights.sap.com\/what-is-xpa?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" aria-label=\"planning and analysis\">\u00a0planning and analysis<\/a>\u00a0can be used to enable fast, accurate, and confident decision-making enterprise-wide, even when employees are scattered across multiple time zones.<\/p>\n<p><a class=\"color-link\" title=\"https:\/\/insights.sap.com\/what-is-industry-4-0?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" href=\"https:\/\/insights.sap.com\/what-is-industry-4-0?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=blog-belux-news-Howells-SupplyChain\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-ga-track=\"ExternalLink:https:\/\/insights.sap.com\/what-is-industry-4-0?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" aria-label=\"Industry 4.0\">Industry 4.0<\/a>\u00a0technologies can help midsize companies gain further efficiencies by optimizing manufacturing processes and pivot operations in response to their customers&#8217; demands. This approach allows the production floor to fabricate more components and satisfy customization requirements without needing more physical space and equipment.<\/p>\n<p>Furthermore, by embedding sensors into those parts, the business gains tremendous volumes of data that can help improve the way the component performs and identify opportunities to add value to their customers&#8217; finished goods.<\/p>\n<p>A\u00a0<a class=\"color-link\" title=\"https:\/\/www.sap.com\/products\/business-network.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" href=\"https:\/\/www.sap.com\/products\/business-network.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=blog-belux-news-Howells-SupplyChain\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-ga-track=\"ExternalLink:https:\/\/www.sap.com\/products\/business-network.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" aria-label=\"business network\">business network<\/a>\u00a0is another key technology that helps boost supply chain efficiency for midsize companies. By participating in an ecosystem of suppliers that can be tapped to lower costs, increase quality, and help ensure service reliability. More importantly, the entire customer experience becomes more straightforward and impactful with quick access to order status, product availability, and expected delivery times.<\/p>\n<p>By adopting these three technologies, a common thread of connectivity and transparency transcends across the supply chain \u2013 end to end. The more willingly the business shares with its organizations and customers, the greater its capacity to efficiently support customers during every change.<\/p>\n<p>For example, a clear differentiator for many midsize companies is running environmentally friendly and socially responsible operations. To demonstrate this edge, businesses must exchange sustainability data with their customers and obtain the same from their suppliers.<\/p>\n<p>Even large enterprises such as Microsoft and Mercedes Benz are engaging their suppliers, which are typically medium size, to provide data about the sustainability of the components they supply. If the data is favorable, the supplier moves up on the preferred vendors list.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><strong>There&#8217;s no going back \u2013 just forward with efficiency<\/strong><\/h2>\n<p>While the challenges that midsize companies face are no different from those experienced by their larger competitors, they have a distinct opportunity to navigate and rise above them with greater efficiency and resiliency. The key is creating an interconnected ecosystem of shared and operationalized data that gauges every minuscule shift that can impact their supply chain and gives their customers consistent clarity and peace of mind.<\/p>\n<p><em>Read the IDC Info Snapshot, &#8220;<\/em><a class=\"color-link\" title=\"https:\/\/www.sap.com\/cmp\/dg\/driving-efficiency-and-resiliency\/index.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" href=\"https:\/\/www.sap.com\/cmp\/dg\/driving-efficiency-and-resiliency\/index.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=blog-belux-news-Howells-SupplyChain\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-ga-track=\"ExternalLink:https:\/\/www.sap.com\/cmp\/dg\/driving-efficiency-and-resiliency\/index.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\" aria-label=\"Business Reimagined: Driving Efficiency and Resiliency\"><em data-ga-track=\"ExternalLink:https:\/\/www.sap.com\/cmp\/dg\/driving-efficiency-and-resiliency\/index.html?campaigncode=CRM-MM21-CON-MMFORBL&amp;source=email-glo-Forbes-Howells-SupplyChain\">Business Reimagined: Driving Efficiency and Resiliency<\/em><\/a><em>,&#8221; sponsored by SAP, to explore additional insights and recommendations on how to drive efficiency and organizational resiliency into your midsize company. And if you&#8217;d like to explore this topic further, the Info Snapshot includes a link to an\u00a0on-demand interview\u00a0with the author, IDC analyst Shari Lava.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><em>This article originally appeared on <a href=\"https:\/\/www.forbes.com\/sites\/sap\/2021\/07\/14\/why-small-and-mid-market-organisations-need-modern-erp\/?sh=40f16fba354a\">Forbes<\/a>.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Much like economies, communities and individuals, businesses directly impact each other, especially when they are part of the same value chain. This year alone, a&#8230;<\/p>\n","protected":false},"author":82,"featured_media":1949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5562546],"tags":[],"sapn-display":[5562596,5562594,5562598],"sapn-type":[4578102],"class_list":["post-1946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-supply-chain","sapn-display-artikel-hero","sapn-display-artikel-spotlight","sapn-display-topic-hero","sapn-type-artikel"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Supply Chain Efficiency Answers The Demands Of B2B Customers&#039; Value Chains - SAP Belgie News Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/belgie\/2021\/07\/supply-chain-efficiency-answers-the-demands-of-b2b-customers-value-chains\/\" \/>\n<meta property=\"og:locale\" content=\"nl_BE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Chain Efficiency Answers The Demands Of B2B Customers&#039; Value Chains\" \/>\n<meta property=\"og:description\" content=\"Much like economies, communities and individuals, businesses directly impact each other, especially when they are part of the same value chain. 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