Sustainable salmon farming and the future of digital procurement Sponsored by SAP
Digitalization frees up procurement to stay on top of fast-changing market conditions, including finding new suppliers in case of unexpected disruptions.“We want to make life better day in and day out.
We create products with characteristics that make the final consumer product really special,” said Thomas Meinel, senior vice president and head of indirect procurement at Evonik Industries. “We’re farming salmons with a more sustainable feeding alternative for the climate and our environment. We supported the development and production of the first mRNA vaccines against COVID-19 by supplying the lipid nanoparticles that transport these gene-based vaccines to the right target site in the human body.”SAP International Conference for Chemicals in Madrid, I reached out to Dr. Marko Lange, product manager for SAP Chemicals, for his thoughts on industry modernization. In a disrupted world rocked by geopolitical conflicts and resultant soaring prices and shortages, he said that Evonik Industries stands out for its foresight in business modernization, bringing in“ERP is a hot topic again in the chemical industry because an ERP platform supports business resiliency across supply chains and operations in turbulent times like these,” said Dr. Lange. “A next generation ERP system provides insights, simulations, and decision support to help you understand disruptive impacts on your business and effectively respond. It is a real companion to operating your business, detailing granular, real-time information about what’s happening and the consequences.”Digitalization has transformed how every department at Evonik Industries operates. At the conference, Meinel shared how procurement was the next step in his company’s digital journey.In a rapidly changing world with new business models, procurement is increasingly part of make or buy decisions to take advantage of greater opportunities,” said Meinel. “Sourcing managers still need classic procurement skills because they are responsible for a company’s global strategy. But they also need to work from anywhere, interacting effectively with teams on collaborative platforms with internal colleagues and external suppliers. Cloud-based platforms provide many more scouting possibilities to discover future suppliers.” Managing the procurement experience in a digitalized word requires different capabilities from people as they assume new responsibilities. Meinel said that sourcing managers at Evonik Industries were strategic relationship managers who continually innovated, not just on elements like pricing, but working as part of a team to negotiate and strengthen supplier relationships. “Digitalization will change what procurement does and how we do it,” said Meinel. “We are buying more digital products along with products that have been digitally enhanced. For example, the pumps we purchase use significantly more digital data, which changes how people work, what skill sets they need, their capabilities, and managerial expectations.”Similar to organizations in many industries that are deeply impacted by mergers and acquisitions, Evonik Industries needed real-time data visibility into contract management for daily activities, as well as accurate auditing. “Everything we do has to be connected, which is the objective of going digital, to make process efficiencies end-to-end,” said Meinel. “With
Please follow us on Google to support usUnited States Latest News, United States Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
'Conscious beauty': Jennilee Cardinal-Schultz offers sustainable approach to cosmetics at Green Tree BeautyThe Saskatoon cosmetic shop at 3501 8th St E offers brands that use natural ingredients and source those ingredients sustainably.
Read more »
You Need Sustainable Activewear if you Plan on Getting Sweatyad If you’ve been overwhelmed trying to find the right activewear set that not only looks good, but is just as good for the environment as for your skin, we feel you:
Read more »
Really quite strong Retail Sales needed to provide sustainable support for the Dollar – CommerzbankToday, October Retail Sales will be featured in the US economic docket. In the view of economists at Commerzbank, even a strong figure could not be en
Read more »
Maine lobster is losing that blue sustainable labelA major seafood guide announced Wednesday it no longer considers Maine’s famed lobsters sustainable, given that whales on the brink of extinction are dying after becoming entangled in fishing gear.
Read more »
A 17-year-old engineer's magnet-free motor prototype could make electric vehicles more sustainableHis design bagged him the top prize, and $75,000, at the Regeneron International Science and Engineering Fair.
Read more »
Qatar's sustainable stadium is 100% dismountable and made of shipping containersQatar announced that the country has completed the construction of its demountable stadium, Stadium 974, made of shipping containers.
Read more »