SUPPLY CHAIN
employees to purchase from sustainable suppliers ,” she adds . “ Technology can also be a valuable tool in nurturing relationships with sustainable suppliers . Taulia ’ s Sustainable Supplier Finance solution allows users to reward suppliers that share their ESG qualifications with early payment incentives .
What ’ s more , to build a sustainable and risk-resilient supply chain , businesses need to establish strong relationships with key suppliers , which must be diverse . The supply chain data then needs to be monitored and analysed in real time , and investment needs to be made in technologies that can enhance supply chain visibility and agility .
“ Efficient , effective technology can help businesses acquire and manage the data and information they need to measure compliance , minimise risk and boost sustainability ,” Howells says . “ Businesses must examine their value chains comprehensively , from sourcing raw materials to understanding the end product ’ s lifecycle . By adopting technologydriven solutions like blockchain and IoT , companies can ensure that their sustainability efforts extend beyond the surface level to every aspect of their operations .”
What ’ s more , SAP works with its partners to provide efficient solutions to business operations , while recognising the importance of monitoring and measuring not only cost , speed , profitability and customer service , but increasingly , emissions , waste , inequality and other sustainability and risk KPIs across the supply chain . This can be accomplished by connecting every process , contextualising every decision and collaborating with
130 October 2023