the future of networks
DESCRIPTION
We spend a lot of time talking about how technology-driven innovation is defining the future of business. But how does that manifest itself in the future of networks and the sharing economy? In order to paint that picture, we asked a series of thought leaders and experts for their predictions on how the sharing economy will impact the future of business. This presentation is a collection of their responses. For more, see the Future of Networks series: http://blogs.sap.com/innovation/tag/future-of-networksTRANSCRIPT
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The Future ofBusiness Networks
What is the future of Business Networks?
The Future ofNetworks
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To help us understand the Future of Networks, we asked a series of thought leaders and experts this question:
How will the sharing economy impact the future of business?
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Contributing Thought Leaders
Reuven Gorsht @reuvengorsht
Rob Mihalko@rmihalko
Richard Downs @Richarddowns
Christopher Rauen@crauen
Joe Pine@joepine
Rachel Spasser
James Marland@JamesMarland
Jeremiah Owyang@jowyang
Chris Haydon
Ramesh Ramakrishnan@Ramesh_Ramki
Timo Elliott@timoelliott
Drew Hofler@dhofler
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It Will Create Entirely New Value Chains
Reuven Gorsht
Vice President, Customer Strategy, SAP@reuvengorshtVisit Reuven’s blog
It means we can remove the “chain” from “supply chain.” When your customers can be inserted into the process, entirely new value chains can be created and efficiencies can be realized.
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It Will Benefit Both Companies and Their Customers
Rob Mihalko
Vice President, Seller Marketing and Discovery, Ariba, an SAP Company@rmihalkoVisit Rob’s blog
Nearly real-time, error-free connectedness will increase companies’ competitive advantage through lower transaction and inventory costs. It will also enable them to react faster to customer demands and reinvest savings (and potentially increased sales) back into the growth of the business.
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It Will Be Structured
Richard Downs
Director, Solution Marketing, EMEA, Ariba, an SAP Company@RicharddownsVisit Richard’s blog
The waters are getting muddied with people wanting to share sensitive data. I believe once we reach this point, the “sharing economy” will take stock and require structure and rules to pull back on what we share and with whom.
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Accounts Payable Will Become Strategic
Christopher Rauen
Solutions Marketing Manager, Network and Financial Solutions, Ariba, an SAP Company@crauenVisit Christopher’s blog
A networked supply chain enables trading partners to collaborate in real time. And one emerging area of opportunity lies in accounts payable. Incorporating the accounts payable function into a networked supply chain transforms a largely tactical function into a strategic asset.
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It Will Be Powerful
Chris Haydon
Vice President, Product Management, Ariba, an SAP CompanyVisit Chris’ blog
Think of the power of 1 or 2 million business participants on a single network. The process alignment, innovation, and insight that can be derived from such a community is something that no single organization can ever hope to achieve or collect themselves.
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It Will Create a Social Supply Chain
Ramesh Ramakrishnan
Founder, RR Marketing Advisory@Ramesh_RamkiVisit Ramesh’s blog
Companies will rise and fall based on their ability to attract and retain key members in a network to contribute to their current and future value propositions. Quality and ethical issues will get exposed, business impact due to natural calamities and political instabilities will swiftly travel through the network, and ‘wisdom of crowds’ will kick in to fix it. It will become a social supply chain.
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It Will Bring More Customization
Timo Elliott
Innovation Evangelist, SAP@timoelliottVisit Timo’s blog
History shows that as soon as you make the supply chain more efficient, people find new ways to make it more complex. The ability to do things in real time will, above all, result in more customization of products and services.
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It Will Flex with Demand and Mitigate Risk Better
James Marland
Vice President, Ariba, an SAP Company@JamesMarlandVisit James’ blog
In supply chains, we will see the ability to flex with demand much more tightly. A truly networked supply chain is the only realistic way that this type of hypercustomization can be achieved. The other area where a networked supply chain is important is risk management – with the ability to reroute defective nodes. Also, by using a predictive system, a supply chain manager can start to see signs of trouble before the node goes down.
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It Will Yield Insights and Savings
Drew Hofler
Director, Solutions Marketing, Ariba, an SAP Company@dhoflerVisit Drew’s blog
The implications are huge! With real-time visibility into the entire source-to-settle process, key stakeholders can yield insights and savings that are enormous.
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Customers Become Part of the Network
Joe Pine
Author, speaker, and management advisor to Fortune 500 companies and entrepreneurial start-ups@joepineVisit Joe’s blog
The possibilities are great, especially if you extend the supply chain into a demand network that encompasses customers. This enables customers to take part in that network, where you have access to them and their individual wants and needs in real time. As a result, you can respond instantaneously to new demand by dynamically reconfiguring the network’s capabilities to meet it.
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It Will Be Efficient
Jeremiah Owyang
Chief Catalyst and Founder, Crowd Companies@jowyangVisit Jeremiah’s blog
The opportunity is to increase
efficiency by sensing how
supply chains can be improved
through real-time alterations. To
do this, supply chains must
have sensors, capture the
signal, analyze the data in real
time, and facilitate an
actionable process to make
changes.
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