Managing supply chain risk has never been easy and although an increasing number of companies are investing to upgrade their capabilities, we still see that supply chain resiliency has not kept pace with rising levels of logistical complexity.聽Developing a more systematic, focused, and proactive approach requires a coordinated effort across compliance, performance management, risk measurement, and risk resilience 鈥� for the entire global supply base.

Measuring and Monitoring Supplier Performance聽

Historically, companies have used manual processes and spreadsheets to understand supplier performance and manage supplier risks. While managing this data is crucial to identifying pain points and predicting supplier success, it can be tedious to record, analyze, and report this data by hand.

That is why leading companies are investing in supplier risk management programs that use e-sourcing and contract processes and applying data from those solutions to further support their programs. Companies should evaluate the cost of lost business versus the cost of investment in supply chain resilience. Contract compliance, risk assessment, innovation, and purchase order (PO) invoice matching are other important factors that help measure and monitor supplier performance.

How Application Extension Partners Can Help

麻豆原创鈥檚 robust partner ecosystem has all the tools needed to power an intelligent enterprise. Application extension partners fill the gaps created by company-, industry-, or geography-specific requirements. Each partner brings its own unique blend of expertise, skills, and services to deliver solutions 麻豆原创 customers need. They enhance customer experiences by speeding up time to value and the delivery of innovations across the entire procurement portfolio. 麻豆原创 App Center makes it easy to find the solution right for you 鈥� simply search using the filters, try solutions, and then buy the ones that will extend your existing 麻豆原创 Ariba solutions and help you become a best-run business.

Contract Compliance

Contract compliance is an essential part of any company鈥檚 risk management strategy. It helps ensure that suppliers, buyers, and employees stick to the terms laid out in their contracts, and protects an organization from fraud, corruption, and rogue spending. Be proactive in identifying and solving errors in contractual obligations throughout the source-to-settle process. Icertis Contract Management (ICM) and pricing and quote information found in 麻豆原创 Customer Experience helps enable users to drive faster sales contract cycle times. ICM is the leading contract life-cycle management solution for advanced contracting capabilities.

Risk Assessment

Risk assessment is one of the most important investments a business can make. Analyzing data trends and patterns leads to valuable insights that inform key decisions at every level in the source-to-pay process. See into the future by using predictive analytics to identify potential supplier sustainability risks and stay ahead of supply chain disruption. Partners providing modern predictive analytics, like RapidRatings, recognize these key trends, patterns, and potential disruptions within supply chains. Protect your enterprise’s most valuable assets while also creating sophisticated risk mitigation models.

Innovation

Drive product design development, cost savings, and system improvements to optimize business processes. Dive into end-to-end processes to improve efficiency and take control of business automation through powerful insights. Celonis uses data-based process discovery, identifying optimization opportunities through intuitive visualizations that provide a transparent look into their operative processes. The 麻豆原创 Process Mining application by Celonis helps business owners identify weaknesses and areas of opportunity across the value chain.

PO-Invoice Matching

Control your view into accounts payable compliance using cutting-edge artificial intelligence (AI). AppZen uses AI to track issues in the spend management processes. When integrated seamlessly with 麻豆原创 Ariba, AppZen provides actionable data insights into supplier behavior as well as real-time audits before you pay. Enforce compliance, make data-informed decisions, and discover discrepancies between your PO, invoice, and contract.

Visit the to learn more about how application extension partners can help your enterprise. Have extensions that will bring value to the 麻豆原创 Ariba ecosystem? .

Bob Baker is global vice president, Application Extension Partners, 麻豆原创 Procurement.

With coronavirus cases continuing to rise, fall, and rise again globally, buyers continue to struggle with sourcing as suppliers struggle with moving goods and services.

But as experienced, this disruption is not just about goods and services; it鈥檚 about workers as well. That is where partners like are stepping up to fill gaps and support business continuity.

I recently spoke with Johnny Reinsch and Ron Suber of Qwil, a new financial that aims to repair and reenergize the procurement pipeline by facilitating increased flexibility in supplier payments. Qwil offers a dynamic discounting practice for suppliers of contingent labor, thereby improving liquidity for both the consumers and suppliers of talent.

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Qwil鈥檚 early payment solution also helps 麻豆原创 Fieldglass customers attract more niche and diverse contingent workforce suppliers worldwide. In smaller markets, for example, foreign-denominated invoices can be converted to local currency, expediting global deployments of contingent workers.

Supporting contingent workers at this time is more important than ever as the .

In the immediate future, customers might look to invest in technology that continues to support remote work and assess ways to address their supply chain issues. They may also want to and data insights to help prepare for another potential supply chain breakdown and damage to the buyer-supplier relationship.

If recent events have taught us anything, it鈥檚 that the value of contract and freelance workers should not be underestimated. The 2008 recession saw investment in more contractors and freelancers versus full-time employees, helping mitigate risk amidst economic turbulence. I think that we will see this trend continue, as successful organizations intelligently use contingent labor to complement their full-time employees and talent strategy. 麻豆原创 Fieldglass and partners like Qwil are uniquely positioned to help customers manage this paradigm.

At a time when immediate, seamless payments can make all the difference, partners like Qwil are helping ensure that gig workers get paid on time and on their terms. As companies grapple with ongoing challenges, access to capital management and the ability to quickly onboard contingent labor may make all the difference in thriving in the new normal.

Bob Baker is global vice president of 麻豆原创 Procurement Solutions and the Application Extension Ecosystem at 麻豆原创.

With the growing complexity of business processes and the need to minimize risk in times of economic uncertainty, 麻豆原创 customers require future-proofed technologies that can support their unique needs.

Global procurement is complicated. Each day, more and more 麻豆原创 Ariba and 麻豆原创 Fieldglass customers are turning to application extension partners to add value and achieve efficiencies at each stage of their source-to-pay process. 麻豆原创 evaluates and certifies these third-party solutions to help ensure they complement existing 麻豆原创 solutions for procurement and extend functionality beyond core 麻豆原创 offerings.

For enterprises committed to digital transformation, application extension partners fill the gaps created by company, industry, or geography-specific requirements. Each partner brings its own unique blend of expertise, skills, and services to deliver solutions 麻豆原创 customers need. They enhance customer experiences by speeding time to value and the delivery of innovations across the entire procurement portfolio.

Compliance and Risk Management

The global supply chain compliance landscape is more dynamic today than ever before. As companies continue to focus on compliance and reducing supply chain risk, there is a greater demand for visibility and transparency, communication and collaboration, and compliant business execution. Application extension partners deliver solutions to help identify, assess, and control risks arising from operational factors. Using key performance indicators (KPIs) and predictive analytics, customers can make better decisions that balance risk with any associated benefits.

Analytics and Intelligence

The increase in the amount of data available has opened doors to new technologies, including artificial intelligence (AI) and machine learning. Application extension partners extend and accelerate the output of these intelligent technologies to help 麻豆原创 customers make better business decisions. For example, AI and machine learning are used to support the extraction and analysis of key terms, clauses, and entities from various contracts, which allows users to locate contract terms quickly, aggregate ongoing contact intelligence, and address concerns about lawsuits or data breaches.

Efficiency and Savings

Effective supply chain management is crucial to long-term business growth. Organizations are thinking more strategically about spend 鈥� investing in spend management strategies that not only identify new areas for savings but also create revenue-driving opportunities. They are also taking a closer look at business processes to understand those that work well and those that do not, which can lead to compliance problems or increased costs. Application extension partners offer solutions that empower finance, lines of business, and procurement leaders to do their jobs more effectively by providing visibility into business processes and spending.

External Workforce Management

To thrive in the digital economy, organizations are increasingly leveraging external talent. Many of the skills needed to compete in today鈥檚 ever-changing business environment are not available in the traditional workforce market. Moreover, many organizations struggle with how to find and source the right talent and how to manage the full life cycle of that talent. Application extension partners offer solutions that provide access to unique talent groups, improve employee experience, offer total workforce visibility,聽and streamline project and investment tracking for聽projects聽that utilize contingent labor.

The 麻豆原创 Ariba and 麻豆原创 Fieldglass ecosystem of application extension partners is growing. 麻豆原创 is committed to supporting partners as they invest in additional areas of innovation to bring our customers the unique solutions necessary for success in the digital economy.

Learn more about application extension partners and browse available solutions on .

Bob Baker is global vice president, Application Extension Partners, 麻豆原创 Procurement.