![]() ![]() We've weaved risk across the whole source-to-pay process where it makes sense. Our risk business, certainly in our application suite, is one of the fastest growing for us. But while that's typically a 12- to 24-month project, there was also emphasis on short-term actions that companies can quickly implement, in particular around supplier risk management. The traditional answer would have been to modernize operations by rolling out the SAP solution - and there was plenty of that in the sessions available to watch yesterday or on replay. How can SAP help through its spend management product set of Ariba source-to-pay, SAP S/4 HANA operational procurement and Fieldglass contingent worker vendor management, all of which now fall under Haydon's newly created remit? Supplier risk management So instead of being tasked with delivering lower costs, procurement is now recognized as a strategic business partner in managing supply chain risk and compliance. When you go to a grocery store and there's a lot more empty than full, it shows what you've taken for granted. ![]() Obviously the supply chain and the procurement professional get that, but I think the larger business and we in our day-to-day lives are really now seeing it. The reality is, procurement is the function that keeps the world going. As Chris Haydon, President of the SAP Procurement Solution Area, told me when we caught up via Skype yesterday: Suddenly, people have realized that procurement is mission critical. But what was remarkable was that it took place against a background of widespread recognition of the importance of orderly supply chains in our daily lives. Yesterday's Ariba Live annual conference, originally scheduled for Las Vegas, inevitably ran as a virtual event due to the ongoing coronavirus pandemic. Chris Haydon, SAP (screenshot from SAP video) ![]()
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