Why Do Growing Companies Choose Procurement Solutions From SAP?
Amid higher-than-expected global inflation and economic stagnation, procurement leaders of growing companies are looking to build resilience and diversity into supply chains, strengthen control of spending, and enable real-time collaboration and visibility for better business outcomes.
Below, we outline why growing companies choose procurement solutions from SAP.
PROCUREMENT SOLUTIONS FROM SAP
Before diving in too deep, some procurement-specific solutions offered by SAP include:
SAP Ariba Sourcing: Gain visibility, segment spend, identify savings opportunities, and reduce risk by finding better suppliers and innovation partners.
SAP Fieldglass Services Procurement: Access and manage external services engagements to unlock scale, efficiency, and resiliency within your organization.
SAP Ariba Supplier Lifecycle & Performance: Get a reliable, up-to-date, and comprehensive view of supplier information, spend, performance, and risk.
SAP Business Network: Automate the entire procurement process from source to settle, while controlling spend, finding new sources of savings, and building a sustainable, ethical supply chain.
STRATEGIC PROCUREMENT PRIORITIES
Mid-size organizations across the board have sited supply chain visibility, supplier management, and cybersecurity as their top 3 risks. With these risks in mind, how can procurement solutions from SAP help?
SAP’s procurement solutions can help mid-size organizations:
Improve cost control and spend management. By analyzing your organization’s spend profile, you can gain actionable insights into opportunities and risks. After all, 37% cite cost management as the top area of delivering value for their organization
Gain a competitive advantage. Organizations can assess supplier performance and strategically collaborate towards supplier-led innovation.
Strengthen supply chains against fragility. To drive out inefficiency, businesses can drive supplier diversification tied to procurement plans.
Achieve flexibility and scalability. Organizations can interconnect across the entire organization and supply base with real-time collaboration and visibility.
Simply the user experience. SAP solutions give employees a simple way to buy – one that guides them to preferred suppliers to achieve savings while adhering to processes and policies
Get smarter with digitization. Businesses can solve immediate challenges, eliminate inefficiencies, and react more dynamically to changing market trends and customer demands.
Grow with your business. SAP’s procurement solutions allow you to start with the functionality you need to solve today’s most pressing challenges and then add integrated capabilities as your requirements evolve.
Tap into the world’s largest digital business network. With access to over 6.7 million companies in 190 countries, collaborate to trade more than $8.7 billion in goods and services every day.
Contact Crescense today to take the next step in your procurement transformation journey!
This insight was provided by SAP for value-added resellers like Crescense. Contact our team to learn more about SAP’s various procurement solutions.