For many companies (especially manufacturers) procurement and supply chain operations represent the lion’s share of the total cost of doing business. Both of these areas involve an intricate web of systems, processes and network of business partners that must be coordinated and managed to ensure that goods and services get delivered on cost and on time. This cost and complexity makes procurement and supply chains ideal areas for digital transformation — driving operational efficiencies, lower transaction costs, improvements in revenue, sales growth and defensible competitive gain. Learn why savvy procurement and supply chain executives are stepping up their digital efforts with solutions from SAP Ariba and Ariba partners.
From sourcing and orders to invoice and payment, SAP Ariba’s procurement solutions span the entire e-procurement process, and deliver serious bottom-line benefits:
- 60% lower operating costs
- 1% to 8% reduction in supply chain costs
- 50% to 75% faster transaction cycles
- 90% fully automated transaction processing
- 60% improvements in order accuracy
- 5% to 20% increases in revenue with new customers
- 30% or more higher share of wallet with current customers
- 15% improvement in retention rates among customers.
Automating key processes such as procurement, orders, invoicing and payment is a must if your business is to remain competitive. But to thrive, more must be done with the vast amount of data — internal and external — available to procurement.