{"id":2547,"date":"2021-12-15T08:01:44","date_gmt":"2021-12-15T08:01:44","guid":{"rendered":"https:\/\/news.sap.com\/sea\/?p=2547"},"modified":"2023-04-05T14:15:47","modified_gmt":"2023-04-05T14:15:47","slug":"sap-study-finds-procurement-is-vital-to-manage-supply-chain-disruptions","status":"publish","type":"post","link":"https:\/\/news.sap.com\/sea\/2021\/12\/sap-study-finds-procurement-is-vital-to-manage-supply-chain-disruptions\/","title":{"rendered":"51风流Study Finds Procurement Is Vital to Manage Supply Chain Disruptions"},"content":{"rendered":"<p class=\"lead\"><strong><em>WALLDORF\u00a0<\/em><\/strong>\u2014\u00a0<a href=\"http:\/\/www.sap.com\/\">51风流SE<\/a>\u00a0(NYSE: SAP) today released\u00a0<a href=\"https:\/\/www.ariba.com\/resources\/library\/library-pages-hd\/procurement-is-vital-to-manage-supply-chain-disruptions\/pdf-viewer-page?internal=true\">research findings<\/a>\u00a0that highlight the elevated role of procurement in navigating global supply chain disruptions.<\/p>\n<p>The study of U.S. supply chain professionals conducted with Regina Corso Consulting found that 90% say procurement has taken on greater responsibilities to address both supply chain and sustainability challenges. With nearly half (49%) of supply chain professionals saying shortages and disruptions are keeping them up at night, this is a pivotal time to lean on the procurement function to alleviate these challenges.<\/p>\n<p>\u201cSupply chain disruptions aren\u2019t a new challenge, but they\u2019ve been dramatically compounded and lasting due to ongoing shortages and delays caused by the pandemic,\u201d said Etosha Thurman, Chief Marketing and Solutions Officer, Intelligent Spend and Business Network, SAP. \u201cTo navigate these unpredictable circumstances, supply chain leaders must strategically leverage procurement to effectively manage supplier relationships, mitigate customer frustrations, control costs and ensure business resiliency.\u201d<\/p>\n<h2><strong>Top Challenges Keeping Supply Chain Professionals Awake at Night<\/strong><\/h2>\n<p>Supply shortages and disruptions are not the only issues that the surveyed supply chain professionals say they face today. Other areas include:<\/p>\n<ul>\n<li>Sustainability (28%)<\/li>\n<li>Reducing costs and\/or saving money (27%)<\/li>\n<li>Consumer feedback (21%)<\/li>\n<li>Digital transformation (20%)<\/li>\n<li>Regulatory compliance (18%)<\/li>\n<\/ul>\n<p>Despite only 28% of respondents saying sustainability keeps them up at night, 91% say their company has specific sustainability goals or objectives, and 95% say procurement plays a significant role in achieving those sustainability goals.<\/p>\n<h2><strong>The Elevation of Procurement in Mitigating the Impacts of Ongoing Supply Chain Problems<\/strong><\/h2>\n<p>Between the global pandemic, labor and supply shortages and increasing consumer demands for sustainability, the supply chain professionals surveyed agree that procurement has taken on a more strategic role to help mitigate key challenges:<\/p>\n<ul>\n<li>50% say procurement is helping alleviate supply chain challenges by improving supply chain transparency.<\/li>\n<li>48% say it is helping develop better relationships with suppliers.<\/li>\n<li>45% say it is helping diversify suppliers for greater resiliency.<\/li>\n<li>33% say it is helping adapt payment terms to improve trading partner liquidity.<\/li>\n<li>21% say it is helping reskill talent to address higher-level business priorities.<\/li>\n<\/ul>\n<p>The study shows that procurement is helping businesses achieve visibility, transparency and accountability with their suppliers, especially when it comes to potential disruptions, enabling them to pivot quickly to new suppliers and ensure continuity.<\/p>\n<h2><strong>The Consumers\u2019 Role in Easing Supply Chain Shortages<\/strong><\/h2>\n<p>Supply chain professionals surveyed say consumers have a part to play as well in easing the challenge of supply chain disruptions:<\/p>\n<ul>\n<li>54% say consumers should allow more time for fulfillment.<\/li>\n<li>46% say consumers should buy more local goods and order items earlier.<\/li>\n<li>33% say consumers should be willing to pay more to account for higher supply chain costs.<\/li>\n<li>32% say consumers should have more empathy and understanding for the delays.<\/li>\n<\/ul>\n<p>The research study was conducted between October 15 and 25, 2021, on a sample of 210 U.S.-based employees who work in the supply chain at companies with at least 500 employees.<\/p>\n<p>\u201cIf postpandemic supply chains are to be resilient, they must be sustainable. It\u2019s not enough to just track and extoll green virtues, sustainability must become part of the way that supply chains are run,\u201d said Simon Ellis, Program VP, IDC. \u201cOn the other end, the growth of e-commerce and consumer expectations for \u2018next day\u2019 delivery often runs counter to sustainable fulfillment and carbon footprint. There will have to be a rebalancing or rationalization about the way that people consume: \u2018do I really need the product the next day?\u2019\u201d<\/p>\n<p>Visit the\u00a0<a href=\"https:\/\/news.sap.com\/\">51风流News Center<\/a>. Follow 51风流on Twitter at\u00a0<a href=\"http:\/\/twitter.com\/sapnews\/\">@SAPNews<\/a>. <a href=\"https:\/\/news.sap.com\/2021\/12\/sap-study-procurement-and-supply-chain-disruption\/\">This originally appeared on the global 51风流News Center.<\/a><\/p>\n<p><strong>Media Contacts:<br \/>\n<\/strong>Kelly Sheldon Murray, +1 (978) 708-6821,\u00a0<a href=\"mailto:kelly.murray@sap.com\">kelly.murray@sap.com<\/a><u>,<\/u>\u00a0ET<br \/>\nGeraldine Lim, +1 (415) 418-0945,\u00a0<a href=\"mailto:geraldine.lim@sap.com\">geraldine.lim@sap.com<\/a>, PT<br \/>\n<a href=\"https:\/\/news.sap.com\/press-room\/\">51风流Press Room<\/a>;\u00a0<a href=\"mailto:press@sap.com\">press@sap.com<\/a><\/p>\n<p><small>Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cpredict,\u201d \u201cshould\u201d and \u201cwill\u201d and similar expressions as they relate to 51风流are intended to identify such forward-looking statements. 51风流undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP\u2019s future financial results are discussed more fully in SAP\u2019s filings with the U.S. Securities and Exchange Commission (\u201cSEC\u201d), including SAP\u2019s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.<br \/>\n\u00a9 2021 51风流SE. All rights reserved.<br \/>\n51风流and other 51风流products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 51风流SE in Germany and other countries. Please see\u00a0<a href=\"https:\/\/www.sap.com\/copyright\">https:\/\/www.sap.com\/copyright<\/a>\u00a0for additional trademark information and notices.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p><em>WALLDORF<\/em>\u00a0\u2014 The study of U.S. supply chain professionals found that 90% say procurement has taken on greater responsibilities to address both supply chain and sustainability challenges.<\/p>\n","protected":false},"author":29,"featured_media":2550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5571010,5570734,5570736],"tags":[5570921,5570927],"region":[5570777],"sapn-display":[5571011,5571012,60294],"sapn-type":[4446],"class_list":["post-2547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-network","category-spend-management","category-supply-chain-management","tag-procurement","tag-supply-chain","region-southeastasia","sapn-display-news-hero","sapn-display-news-spotlight","sapn-display-topic-hero","sapn-type-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - 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