“ great procurement work can be undone by weak contract management”Ĭontracts are assets the most important part of managing contracts at any company is not what you know about them-it’s what you don’t know that can cost you. Read the latest issue of Supply Chain Digital here!įor more information on procurement, supply chain and logistics topics - please take a look at the latest edition of Supply Chain Digital magazine.This blog post is focused on comparison of SAP Contracts Management in SAP Ariba, SAP Contract Lifecycle Management and SAP S/4HANA for Enterprise Contract Management and how it will assist the reader to choose what suits them in the procurement space. IBM: five principles to build trust and value in blockchain McKinsey: blockchain's value in supply chain With the most pre-enabled suppliers, easy supplier and catalog enablement, and integration with the Ariba network, the benefits of SAP Ariba’s e-procurement solutions promise to transform procurement processes.ĮY: revolutionising supply chain management with blockchain With market-leading innovations in guided buying and spot buy, SAP Ariba provides the broadest set of capabilities on the market. The solution also is capable of cutting supply costs by 10% and lowering processing costs by anywhere between 25% and 60%. Buying cycles can be reduced by as much as 50%. SAP’s e-procurement solutions deliver negotiated savings and improved control over costs and risks in the buying process, improving your bottom line. Solutions for midsize and growing companies SAP’s solutions, driving innovation and change in the industry, include:
SAP Ariba, established in 1966, uses its extensive portfolio of solutions for companies of all sizes to drive rapid innovations within procurement, fulfillment, and financial supply chain management processes. Organisations need more from procurement operations, as a result of consumers requiring more speed, better quality, the best experience and full transparency. The ever-evolving state of supply chains means they are becoming increasingly complex. We’re taking a closer look at the industry leader here. SAP Ariba has been ranked at number one in our list of the world’s top 10 procurement software vendors.
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