SAP Event Management 
SAP Event Management allows companies to manage processes, inventories, assets, and partners by exception rather than monitoring processes that are running smoothly. It is able to recognize and react to unplanned events in the supply chain, to provide a single point of access for collaborative processes, and to measure business partners' performance.
SAP Event Management 9.0 is an add on of SAP Enhancement Package 1 for SAP NetWeaver 7.3. This means that it can be deployed on any application system with the release level 7.31. The restriction to specific deployment options as described for former SAP Event Management releases no longer applies.
Typically SAP Event Management can be used stand alone, in connection with SAP ERP, SAP Transportation Management, or as part of SAP Supply Chain Management Server.
For more information about SAP Event Management, see: