LAS VEGAS -- (BUSINESS WIRE) -- When it comes to managing today’s global supply chains, what you can’t predict can hurt you. To get and stay ahead of the competition, companies must anticipate risks and develop plans to execute on them before they negatively impact business. With Ariba and SAP (NYSE: SAP), they can. On March 18, the companies will show how combining the intelligence of the Ariba® Network and the power of SAP HANA, the leading in-memory platform for real-time computing, businesses can predict and quickly mitigate risk across the value chain during one of more than 70 breakout sessions planned for Ariba LIVE, the business commerce event of the year which will take place at The Cosmopolitan of Las Vegas March 17-19.
“Supply chains have become longer and increasingly global, making them more prone to glitches. And the road is littered with the remnants of companies that have failed because they didn’t predict them,” said Sundar Kamakshisundaram, Senior Director, Solutions Marketing, Ariba. “But anticipating risk is only half the battle. To effectively manage complex supply networks, companies need data and analytics that go beyond what typical supplier management and spend analysis applications deliver. And this is exactly what Ariba and SAP provide.”
Leveraging the powerful effects of networks like Ariba and cloud-based solutions like Supplier InfoNet, companies can collect information on supplier performance for a range of KPIs. Combining this information with unstructured content such as real-time news wires, public data such as debarment notices, and operational performance and demographic information, they can gain unprecedented insight into the performance of suppliers as well as changing conditions across multitier supply networks and use it to effectively predict and monitor risk and proactively manage competitive threats.
Procurement, for instance, can be alerted to potential future risks in the sub-tier supply chain by triangulating a myriad of real-time supplier performance inputs such as change in payment status, loss of a key customer, change in leadership, commodity price or supply fluctuations, with historical results, to highlight patterns that correlate with disruptive events. These alerts can be supplemented with recommended responses or alternative suppliers based on community-generated ratings and buying patterns for similar network participants.
With SAP HANA, companies can perform complex analyses of these data and immediately access results to execute more informed business decisions without delay.
“Advanced supply chains can deliver enormous productivity improvements and cost reductions. But their intricacies make them susceptible to endless risks, from fluctuating economic conditions, to international conflicts or natural disasters,” said David Charpie, Vice President, Supplier InfoNet. “With Supplier InfoNet, companies can pinpoint potential risks that may be hidden deep in their supply network and head off trouble before it happens.”
To see Supplier InfoNet and the Ariba Network in action, and hear from companies that are using both to enhance their supply chains, register today to attend Ariba LIVE at www.aribalive.com.
About Ariba, an SAP Company
Ariba is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 253,500 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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