New SAP application to assist Supply Chain Management
These days international businesses are more vulnerable than ever to supply chain risk owing to the current global recession combined with an increasingly complex global business and regulatory environment.
In view of the need to combat these risks, SAP AG (NYSE:SAP) has announced a new version of the SAP(R) BusinessObjects(TM) Global Trade Services application, part of the SAP BusinessObjects governance, risk, and compliance (GRC) family of solutions. This new application automates regulatory compliance across numerous trade processes such as logistics and order fulfillment, helping customers to identify and mitigate supply chain risk easily, quickly and effectively.
“Supply chains have become both more strategically important and risky over the last several years,” said Mark Smith, CEO & EVP, Research, Ventana Research at the announcement of the application in Las Vegas adding, “The world’s economies have become simultaneously more integrated and uncertain as companies have expanded the geographic scope of their potential sourcing and addressable markets. That’s why businesses are examining SAP for better visibility into increasingly complex, geographically dispersed supply chains. Solutions from vendors like SAP can help organizations spot potential risks before they become problems and enhance supply chain performance.”
By leveraging SAP BusinessObjects Global Trade Services with SAP BusinessObjects Risk Management, supply chain executives improve their visibility and management of global trade risk factors and performance issues as they get updated status information on supply chain logistics, order fulfillment, cross-border trade and international trade regulations. This updated and prompt information helps the supply chain professionals to improve “delivery performance,” or the time from the supplier’s receipt of an order to customer delivery.
SAP BusinessObjects GRC solutions provide a proactive, preventive approach to helping minimize risk and improve performance. The comprehensive global trade services and risk management approach offered by SAP also helps customers determine if their suppliers are Authorized Economic Operator (AEO) certified. If there is some controversy, customers are immediately notified which means prevention of the potential supply chain disruption and expedite the flow of goods through ports worldwide.
Subscribe to the comments for this post