March 29th, 2023 | David C. Smith, PhD – EVP, Blue Ocean Systems
As the world emerges from a long period of uncertainty, there are several critical trends that small and medium-sized businesses must capitalize on in order to stay competitive throughout 2023 and beyond.
Part four of our six-part series discusses the importance of sustainability and environmentally friendly business practices.
In recent years, sustainability policies have become increasingly important for businesses as consumers demand more ethical and eco-friendly products and services. Read on to discover how SAP ERP solutions can help companies establish a sustainable approach to business:
Supply Chain Management
One way that businesses can promote sustainability is by implementing green supply chain management. With SAP Business One, companies can track suppliers’ environmental impact and sustainability performance. This information can be used to make informed decisions about suppliers and products as business leaders look for ways to improve the sustainability of the supply chain as a whole.
Energy management is another area where SAP Business One can help businesses become more eco-friendly. The software can track and monitor energy usage, identify areas where energy consumption can be reduced, and set targets for reducing a company’s carbon footprint.
Waste management is also important for promoting sustainability, and SAP Business One can help companies track and manage their waste streams. This feature enables companies to identify areas where waste can be reduced and to implement more sustainable practices.
Reporting & Analytics
Reporting and analytics are critical for measuring a company’s sustainability performance. SAP Business One provides robust reporting and analysis capabilities, allowing companies to track their sustainability performance over time. This can help companies identify areas where they are making progress and areas where they need to improve.
By using SAP Business One, companies can integrate sustainability into their operations and make data-driven decisions that support their sustainability goals. Organizations can implement green supply chain management, track and monitor energy usage, manage waste streams, and measure their sustainability performance. By doing so, they can become more eco-friendly and promote sustainable practices that not only benefit the environment, but also benefit a company’s bottom line by reducing waste and increasing efficiency.
At Blue Ocean Systems, we strive to not only support our customers in using SAP ERP solutions but also to help them stay ahead of the curve in relation to industry trends. Get in touch to find out more about us and what we do!