In June, software behemoth SAP plans to release a new and improved version of its supply chain management (SCM) suite, according to CNET News.com.The suite’s service-parts management component houses the biggest changes and they’re mostly aimed at business sectors, like small-scale production, in which parts often arrive in the right place “just in time,” according to CNET News.com.The new offering, called MySAP Supply Chain Management version 5.0, was first introduced last week in Hanover, Germany at the annual CeBIT conference, an IT tradeshow, CNET News.com reports. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe SAP says the new software can manage low-cost parts, and it will help companies evolve their traditional supply chains into more modern networks of supply chain partners, according to CNET News.com. It also enables businesses to better address increasing levels of customer service and decreasing inventories, to derive an efficient balance between the two, CNET News.com reports. MySAP Supply Chain Management version 5.0 also contains industry-specific functionality, and it was designed for use in diverse sectors, according to CNET News.com.For related coverage, read Study Attempts to Debunk SAP Ad Claims; SAP Refutes Researchand SAP Launches CRM On-Demand. Keep checking in at our CIO News Alerts page for updated news coverage. Related content opinion The changing face of cybersecurity threats in 2023 Cybersecurity has always been a cat-and-mouse game, but the mice keep getting bigger and are becoming increasingly harder to hunt. By Dipti Parmar Sep 29, 2023 8 mins Cybercrime Security brandpost Should finance organizations bank on Generative AI? Finance and banking organizations are looking at generative AI to support employees and customers across a range of text and numerically-based use cases. By Jay Limbasiya, Global AI, Analytics, & Data Management Business Development, Unstructured Data Solutions, Dell Technologies Sep 29, 2023 5 mins Artificial Intelligence brandpost Embrace the Generative AI revolution: a guide to integrating Generative AI into your operations The CTO of SAP shares his experiences and learnings to provide actionable insights on navigating the GenAI revolution. By Juergen Mueller Sep 29, 2023 4 mins Artificial Intelligence feature 10 most in-demand generative AI skills Gen AI is booming, and companies are scrambling to fill skills gaps by hiring freelancers to make the most of the technology. These are the 10 most sought-after generative AI skills on the market right now. By Sarah K. White Sep 29, 2023 8 mins Hiring Generative AI IT Skills Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe