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Future Digital Procurement & Sustainable Salmon Farming
It’s not hyperbole to claim that the employees at Evonik Industries are dedicated to innovation, whether it’s through fuel-efficient tire development, COVID-19 vaccine development at breakneck speed, or sustainable salmon farming. Innovation is essential to the expansion of Evonik Industries, one of Germany’s top specialty chemical companies.
“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.
The basis of business resilience is digital.
Evonik Industries stands out for its vision in business modernization, bringing in SAP S/4HANA and other SAP solutions, in a world upended by geopolitical crises and the resulting skyrocketing prices and shortages.
Insights, simulations, and decision support are all provided by a next-generation ERP system to assist you comprehend the disruptive effects on your business and take appropriate action. It provides granular, real-time information on what is happening and the effects, making it a true ally in running your business.
Procurement Is Strategic Business Partner
Every division at Evonik Industries has undergone a digital transformation. Meinel discussed during the conference how the next phase of his company’s digital transformation was procurement.
“Procurement is increasingly a factor in make-or-buy decisions to take advantage of larger prospects in a quickly changing environment with new business models,” said Meinel. “Sourcing managers are in charge of a company’s global strategy, therefore they still require traditional procurement abilities. They must, however, be able to operate remotely and collaborate well with groups of internal coworkers and outside vendors. Platforms built on the cloud offer a lot more opportunities for supplier scouting.
As employees take on additional duties, managing the procurement experience in a digitalized world calls for various skills from them. Meinel claimed that Evonik Industries’ sourcing managers were strategic relationship managers who continuously innovated, not just on aspects like pricing but also by working as a team to negotiate and build supplier relationships.
News Source : SAP News
