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SAP launches business network to help with supply chains

SAP launches business network to help with supply chains
SAP launches business network to help with supply chains   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p>By Douglas Busvine</p> <p><span class="caps">BERLIN</span> – Software group <span class="caps">SAP</span> said on Wednesday it was launching a social network for businesses, creating a forum around some of its key product lines that will help connect companies and boost visibility across complex supply chains. </p> <p>The <span class="caps">SAP</span> Business Network was the main ‘reveal’ as <span class="caps">CEO</span> Christian Klein kicked off Sapphire Now, its biggest customer conference that is being held online for the second year in a row due to the pandemic. </p> <p>“During this unprecedented year, the importance of the communities we’re part of has never been clearer,” Klein said in a keynote address. </p> <p>“Our new vision will build the world’s largest business community, enabling customers to easily connect with every company across their supply chains.” </p> <p>Klein became sole <span class="caps">CEO</span> before last year’s event and has since presided over a profit warning and shaken up management, as <span class="caps">COVID</span>-19 piled pressure on <span class="caps">SAP</span> to help clients digitally transform to handle trends like remote working. </p> <p>The 41-year-old came out swinging in the New Year, launching a new all-in transformation package, called <span class="caps">RISE</span> with <span class="caps">SAP</span>, to enable clients to shift process to cloud datacenters. </p> <p>Following on from that, <span class="caps">SAP</span> said it would offer five ‘business transformation as a service’ solutions tailored for retail, consumer products, automotive, utilities and industrial machinery. </p> <p>The <span class="caps">SAP</span> Business Network will initially bring together its purchasing, logistics and asset intelligence platforms, creating a network of 5.5 million connected organisations. </p> <p>A slump in economic activity early in the pandemic, followed by a sharp recovery, has caused enormous dislocation across supply chains, with shortages of semiconductors hitting the production of everything from laptops to cars. </p> <p>That puts <span class="caps">SAP</span>’s enterprise resource planning software at the centre of efforts by hundreds of thousands of businesses to adapt. <span class="caps">SAP</span>, headquartered in Walldorf, Germany, says 77% of the world’s transaction revenue touches one of its systems. </p> <p>Sapphire Now runs from June 7-10 in Europe, the Middle East and Africa (<span class="caps">EMEA</span>) and in the Americas, and will feature a series of keynote addresses and thematic tracks. The Asian edition will be held from June 21-24.</p> <p/> </div>