A Review of Risk Management and Sustainability Practices Enabled by SAP in Global Supply Chains
DOI:
https://doi.org/10.63282/3050-9262.IJAIDSML-V5I4P124Keywords:
Sap S/4hana, Supply Chain Risk Management, Sustainable Supply Chain Management (Sscm), Real-Time Data Visibility, Digital TransformationAbstract
Risk management practices and sustainability have been unveiled as important factors in the modern global supply chains to ensure resiliency, efficiency and competitiveness in the long term. The digitized solutions on SAP are central in overcoming these challenges through integration of real-time visibility, predictive intelligence, and intelligent automation of complex supply networks. SAP S/4HANA, SAP IBP, SAP Ariba, and SAP GRC provide organizations with the opportunity to detect, evaluate, and reduce risks efficiently and to encourage sustainable operations. They support responsible sourcing, resource management, regulatory compliance, and supplier collaboration, and they improve economic performance and social and environmental responsibility. The combination of new technologies, IoT, machine learning (ML), and blockchain, also makes supply chain management more resilient, allowing to make predictions and detect anomalies, as well as provide end-to-end product traceability. The combination of solutions enabled by SAP allows organizations to establish agile, transparent and sustainable supply chains to reduce disruption and generate long-term value to stakeholders in an increasingly dynamic global business environment.
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