SAP鈥檚 game-changing solution, , is now available globally to help suppliers overcome these hurdles.

This innovative commercial offering is designed to amplify a supplier鈥檚 discoverability and provide a comprehensive suite of value-added features. The promote subscription empowers suppliers to differentiate themselves on 51风流Business Network, attract new customers, and ultimately grow their business in ways previously unimaginable.

Building trust, streamlining procurement

At the heart of this new offering is the understanding that trust is paramount in any new business relationship. Suppliers that opt for the promote subscription can verify their company details, establishing a solid foundation of trust for buyers seeking new sources of supply. This verification process not only enhances credibility, but also sets the stage for more meaningful and productive business interactions.

The promote subscription goes beyond traditional supplier discovery methods by seamlessly integrating with buyers鈥� 51风流procurement applications. This integration enhances and simplifies the entire procurement process, creating a more streamlined and efficient experience for all parties involved. Moreover, the subscription leverages leading technology, including two generative AI features, to take supplier visibility and effectiveness to new heights.

Key features

Let鈥檚 delve into some of the features that make the promote subscription standout in the world of B2B commerce.

• Verified status and profile badge: Subscribers gain a competitive edge by showcasing a verified badge on their company profile within 51风流Business Network. This badge appears in search results and 51风流procurement applications, such as 51风流Ariba Sourcing and 51风流Ariba Supplier Management, instantly boosting credibility and attractiveness to potential buyers.
• Dedicated insights and analytics: The subscription provides suppliers with powerful tools to enhance their catalog performance. Through contextual calls to action, suppliers can leverage keyword recommendations, track profile traffic, and gain insights into the types of buyers viewing their company. This data-driven approach allows suppliers to increase their visibility in search results by taking actions, such as verifying their profile with targeted keywords and sustainability ratings.
• Enhanced network catalog tools: Promote subscribers can effortlessly respond to inquiries, receive new orders, and upload their full suite of products and services onto the 51风流Business Network catalog. This comprehensive catalog becomes searchable by 51风流buyers, dramatically increasing exposure. Additionally, subscribers gain access to generative AI for enhancing product descriptions and summaries, as well as open APIs for automatic loading and maintenance of network catalogs.
• Match and respond to qualified leads: The subscription enables suppliers to match with leads from 51风流Business Network Discovery, SAP鈥檚 intelligent matchmaking solution. Suppliers can swiftly respond to requests for information by using generative AI to create their responses. They can also track performance with new discovery insights and take advantage of contextual calls to action, such as updating recommended keywords for better matching.

Revolutionizing supplier-buyer connections

The global availability of the promote subscription represents a significant leap forward in SAP鈥檚 commitment to fostering meaningful connections between suppliers and buyers. With this offering, 51风流is improving the procurement process by leveraging generative AI to enhance supplier responses, leads, and product descriptions. This provides valuable insights and analytics while creating a trusted environment where verified suppliers can showcase their offerings to potential buyers.

With millions of companies conducting more than $6.3 trillion in commerce annually on 51风流Business Network, the promote subscription presents a substantial opportunity for suppliers worldwide to accelerate growth and expand their reach. As of now, all suppliers can easily access the new network storefront and add the promote subscription to their account with the simple click of a button. This annual subscription empowers suppliers with enhanced visibility and tools to boost their presence on 51风流Business Network, regardless of their geographical location.

By simplifying complex processes, leveraging AI technology, and providing crucial insights, we鈥檙e not just facilitating transactions — we鈥檙e fostering lasting business relationships on a global scale. As we continue to fuel the largest B2B network in the world, we invite suppliers to join us in this exciting new chapter of digital commerce, where opportunities are boundless and success is within reach for businesses of all sizes.

Val Blatt is chief revenue officer for 51风流Supply Chain Management.

This was the key insight gleaned from the (NASCES) last fall, 鈥淎 NASCES24 Speaker Roundtable – A Supply Chain Discussion.鈥�

Unlike musicians, supply chain professionals work with stakeholders who span roles and organizations, each with differing objectives. While finance pushes for cost reductions, sales and marketing may demand speed, and operations might prioritize risk mitigation. It is up to supply chain leaders to carefully balance these competing goals, ensuring efficiency without compromising other interests.

Here are my key takeaways from the panel, which featured supply chain leaders from prominent companies in the high-tech, retail, and consumer products industries.

Leverage Innovative Procurement and Multi-Sourcing Strategies

In today鈥檚 dynamic global landscape, change can happen instantly. Businesses must navigate an array of factors, including geopolitical conflicts, natural disasters, shifting consumer preferences, intricate regulations, and more. A common theme among the panelists involved leveraging multi-sourcing and digital procurement tools to empower supply chain managers to be flexible when addressing unexpected disruptions.

Multi-sourcing strategies involve diversifying the supplier base to mitigate the risks associated with relying on a single provider. By adopting this approach, businesses can ensure continuous supply and maintain operational resilience. For example, if one supplier faces a disruption, a manufacturing company can quickly shift to another supplier, minimizing downtime and meeting production timelines.

Dynamic sourcing, a strategy that involves the continuous evaluation and adjustment of supplier relationships, enhances agility by allowing companies to adapt to market fluctuations and stay competitive. For instance, a company can procure raw materials from the most cost-effective supplier based on real-time market conditions, driving down costs without impacting product quality or production schedules.

Enhanced supply chain visibility is another crucial benefit. With real-time insights into supplier performance, managers can pinpoint inefficiencies and optimize costs. Additionally, increased transparency improves compliance with regulatory and environmental standards, helping meet ethical sourcing practices and sustainability goals.

Invest in Digital Transformation and AI

Panelists emphasized how supply chain leaders are leveraging AI, using it as a tool to respond quickly to emerging trends. Technology is a superpower when it comes to balancing different priorities — digital platforms, generative AI, machine learning, and predictive analytics provide supply chain teams with centralized visibility. This empowers them to be more agile, strategic, and efficient.

Additionally, advanced platforms that leverage AI can provide real-time data about inventory, shipment, and delivery statuses, which help reduce silos between various stakeholders. This transparency minimizes conflicts and aligns efforts across departments, ensuring cohesive decision-making and a collaborative work environment.

Level Up Your Demand Forecasting

When dealing with an unpredictable business environment, panelists shared how they are increasingly relying on accurate demand forecasting for stakeholder alignment. Leveraging AI-powered predictive analytics enables them to anticipate demand fluctuations and adjust their strategies accordingly. This foresight fosters trust and ensures that all internal stakeholders are working together toward collective objectives.

Panelists highlighted that this can also ensure that each team is supported in their daily tasks. For instance, manufacturing teams can receive adequate stock, finance teams can avoid excess inventory costs, and operations can maintain smooth workflows. Predictive analytics turns forecasting into a strategic advantage, enabling companies to address potential issues proactively and reduce risks.

Achieving Supply Chain Harmony

Competing stakeholder priorities don鈥檛 have to create friction. By investing in AI, implementing dynamic sourcing, and adopting cloud-based procurement platforms, supply chain professionals can turn these challenges into opportunities for innovation and collaboration. The result is a supply chain that is not only efficient and productive, but also resilient and adaptable — a true asset to every stakeholder involved.

The key to harmonizing stakeholder priorities lies in leveraging advanced technologies and adopting innovative strategies. With the right tools and mindset, supply chain leaders can transform challenges into opportunities, creating a supply chain that is agile, efficient, and able to meet stakeholder needs.

is specifically designed to address many of the issues and challenges discussed. It provides the necessary tools to seamlessly connect buyers and suppliers, streamline procurement and supply chain processes, and ensure that every stakeholder thrives in rapidly changing markets. By investing in such technology, businesses can build a future-ready supply chain that drives resilience and long-term value.

To learn more about these insights and hear the full discussion from supply chain executives at leading companies, I encourage you to from the North American Supply Chain Executive Summit. You’ll gain valuable perspectives on how industry leaders are navigating complex supply chain challenges and balancing diverse stakeholder priorities in today鈥檚 dynamic business environment.

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Val Blatt is chief revenue officer for 51风流Business Network at SAP.

The reactive, ad-hoc approach that companies have taken to tackle disruption has resulted in mismatched supply chain processes that offer little visibility and don鈥檛 keep up with the speed of change. Companies rely on convoluted, manual communication methods between suppliers and buyers. E-mails and calls get lost in the shuffle of vacations and holidays, making critical collaboration untraceable and delayed.

51风流Business Network Is an Industry-Ready Digital Network of Suppliers and Buyers

Businesses need a collaborative, many-to-many platform to drive transparent, resilient, and sustainable supply chains. That鈥檚 where 51风流Business Network comes in: a multi-enterprise collaboration network, built for industry, that helps companies execute their vision and meet growth targets by connecting with trading partners seamlessly.

Only 51风流Business Network provides collaboration across a broad range of processes, including indirect and direct procurement, supply chain, logistics, asset collaboration, finance, and talent.

But each industry faces unique challenges that can鈥檛 always be addressed with a one-size-fits-all approach. For this reason, we are introducing 51风流Business Network for Industry with an initial focus on the consumer products, life sciences, high tech, and industrial manufacturing industries. This includes:

• A portfolio of 51风流Business Network capabilities that address industry needs
• A new 51风流Business Network Industry Advisory Board to guide our product and road map strategy
• New 51风流Business Network for Supply Chain industry services accelerators for select industries to help customers fast-track their implementation and post go-live success

With SAP鈥檚 more than 50 years of industry expertise and industry process excellence embedded in our technology, we know better than anyone how to help customers tackle their specific challenges.

Capabilities Designed to Meet Industry Needs聽

As we work to help companies tackle challenges with supply chain transparency, resiliency, and sustainability, we鈥檝e engaged directly with customers to improve existing functionalities and develop new capabilities for 51风流Business Network.

We developed capabilities including contract manufacturing, planning and forecasting, quality collaboration, stock transfers, support for supplier-managed inventory, material traceability, and track and trace. Several of these capabilities were developed alongside customers to answer unique industry challenges in a variety of industries, including consumer products, high tech, industrial manufacturing, and life sciences. While these and other innovations were originally created to address a specific industry need, many of them can be applied cross-industry to help businesses increase visibility, mitigate risks, and operate more efficiently.

Working with our customers has helped evolve 51风流Business Network into the well-rounded, comprehensive solution it is today. It has been amazing to see the innovations that have come out of these relationships with customers, and their stories and successes have truly inspired me. To build on what we鈥檝e accomplished so far, we鈥檙e strengthening the way we collaborate with customers and helping accelerate implementation with new industry-specific use cases.

Continuing the Tradition of Customer Collaboration

To continue the tradition of working with our customers to enhance and extend our product capabilities, we鈥檙e introducing the 51风流Business Network Industry Advisory Board. This select group of industry leaders will provide strategic direction for our product and road map, making sure we鈥檙e meeting the needs of our customers and helping their businesses grow. I鈥檓 eager to see the exciting new ideas and developments that will come out of this collaborative forum of industry experts.

Expedite Time to Value with Industry Services Accelerators for 51风流Business Network for Supply Chain

For customers beginning their journey with 51风流Business Network for Supply Chain in particular, we鈥檙e introducing new industry services accelerators from our 51风流Business Network Services team to help expedite time to value and achieve success.

These industry services accelerators support critical supply chain business processes in the consumer products, high tech, industrial manufacturing, and life sciences industries. With prepackaged industry use cases and capabilities, implementation best practices, and dedicated post go-live support, industry services accelerators are based on SAP鈥檚 knowledge and expertise with 51风流Business Network for Supply Chain. Industry services accelerators can be delivered in collaboration with partners.

Stay Tuned for More

Other additions to 51风流Business Network include new supplier innovations that will help support supplier adoption, focusing on creating an easier integration process to reduce friction and help grow your business to achieve maximum value.

To learn more, visit . Here, we鈥檒l keep you up-to-date on all of the exciting innovations happening and share resources to help you tailor your 51风流Business Network experience.

And, don鈥檛 miss learning more about 51风流Business Network and how 51风流can help solve the unique business challenges of your industry at .

Val Blatt is global head for 51风流Business Network Customer Success & Go-to-Market at SAP.

One of the highlights of 51风流Spend Connect Live for me was my conversation with food and beverage giant PepsiCo and leading packaging supplier Van Genechten Packaging onstage. I had the privilege to host this conversation that showcased a real supplier-buyer relationship between Damian Shanks, global procurement process owner at PepsiCo, and Marc B眉ttgenbach, chief commercial officer at Van Genechten.

On the buyer side, PepsiCo values the digital connectivity with its suppliers that 51风流Business Network provides, enabling efficiency and precision that would otherwise be buried in manual processes. Because of this digitalization, it can proactively address problems before they become major disruptions. Meanwhile, Van Genechten cites the scalability and real-time collaboration capabilities on the network. Being a B2B supplier on 51风流Business Network has allowed Van Genechten to handle more data with the same number of people, while real-time collaboration strengthens buyer-supplier relationships.

It was incredibly meaningful to showcase an example of the importance of sourcing and collaborating with trading partners efficiently, and how both companies use 51风流Business Network to collaborate with the best partners for their business needs. Business networks are essential to identifying and building relationships with the trading partners that make the most sense for your business. 51风流Business Network is a powerful tool that helps connect buyers and suppliers, allowing them to collaborate in facing today鈥檚 supply chain disruptions, geopolitical challenges, and shifting consumer behavior.

From Slow, Manual Processes to Visibility, Best-in-Class Analytics, and Collaboration

The 鈥渂usiness network鈥� is not a new concept. But until recently, many of these networks were driven by telephones, sleepy fax machines, and jammed printers 鈥� not to mention the manual processes required to keep communication between partners from going stale. 51风流Business Network can address these pain points while providing best-in-class analytics and insights services, so you can be confident when choosing and collaborating with trading partners, regardless of what the future holds.

Recent years have proven that intelligent, digital business networks are a necessity for creating and supporting agile, ready-for-anything supply chains. Relying on outdated manual processes for collaborating with suppliers and buyers is the easiest way to fall behind your competition. It鈥檚 time to make the switch to a truly intelligent network while staying true to your core business principles. With the unified trading partner portal of 51风流Business Network, it has never been easier to find the best-fit partners to create transparent, sustainable, and resilient supply chains.

Today, it isn鈥檛 enough just to ensure visibility within your own company. It is also essential to have an unobstructed view across your entire trading partner network. We heard from our customers that 51风流Business Network integration into their core business apps 鈥� brought together with the right supplier adoption programs 鈥� allows them to streamline their processes and gain visibility and resiliency like never before.

Between comprehensive coverage, in-depth intelligent insights, and supplier adoption expertise, 51风流has the biggest market share in procurement and supply chain collaboration networks for a reason. But we won鈥檛 stop here. With solutions for all spend types and digital supply chain management, SAP鈥檚 vision is to create the world鈥檚 largest B2B marketplace. I want to see our customers realize the benefits of intelligent, networked enterprises. SAP鈥檚 experience, scale, and commitment to innovation provide the tools to do just that.

With 77% of the world鈥檚 transaction revenue touching 51风流software, we have the scale, expertise, and experience necessary to unify networks with a customer-first mentality. 51风流Business Network has the tools to help you prepare your business for volatility that, as we have learned in recent years, is all but inevitable.

Take this as inspiration to future-proof your partner collaboration. Now is the time to assess your trading partner relationships and identify logistics challenges, especially looking ahead to 2023.

Today, US$4.9 trillion of business is transacted through 51风流Business Network. With a proven track record, constant innovation, and an impressive product road map, it is the future of collaborative supply networks. .

Experience 51风流Spend Connect Live Virtually

If you were not able to join us in Dallas, check out the . This on-demand forum will share recordings of the keynotes and select breakout sessions from the event. It will also feature additional, recorded sessions not seen at 51风流Spend Connect Live.

Val Blatt is global head for 51风流Business Network Customer Success & Go-to-Market at SAP.
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