SAP Ariba’s Post

Procurement is not just buying something, it’s a strategic, well-thought, well-planned, outcome-oriented function of your company. Don’t compromise, come and see how #SAPAriba can transform your company’s procurement and unearth the potential that you would not have imagined due to your busyness in business activities. #ReachUsDirectly

Cost Management is a perennial issue for procurement, and this years Economist study confirms that. At world procurement congress i was able to sit down with SAP CPO Nikolaus Kirner and ask how orgnisations can refine their strategies to manage costs. To register for spend connect where 1000+ procurement leaders will be discussing this amongst many other areas, click here https://buff.ly/3Zyy3Tv

Explore how Limit / Blanket / Framework Purchase Orders can revolutionize your procurement strategy with enhanced flexibility, control, and efficiency. Dive into the key elements and step-by-step guide to optimize your processes today ..! #SAP_MM #Procurement #Material_Management

🚀 𝑼𝒏𝒍𝒐𝒄𝒌𝒊𝒏𝒈 𝑬𝒇𝒇𝒊𝒄𝒊𝒆𝒏𝒄𝒚 𝒊𝒏 𝑷𝒓𝒐𝒄𝒖𝒓𝒆𝒎𝒆𝒏𝒕 🚀   𝑴𝒖𝒍𝒕𝒊𝒑𝒍𝒆 𝑶𝒓𝒅𝒆𝒓 𝑼𝒏𝒊𝒕𝒔 𝒊𝒏 𝑷𝒖𝒓𝒄𝒉𝒂𝒔𝒆 𝑶𝒓𝒅𝒆𝒓𝒔 Multiple order units in purchase orders is a crucial aspect of procurement that can significantly impact your organization's efficiency and cost-effectiveness. 1️⃣ Analyse your needs to determine optimal order quantities. 2️⃣ Monitor and adjusts to streamline processes and cut costs. 3️⃣ Embrance variable order units to boost the efficiency and enhance cost-effectiveness. Here's a quick step-by-step guide to mastering this crucial acpect of procurement. #SAP #Procurement #SupplyChain #VariableOrderUnits #PurchaseOrder #BusinessEfficiency #sapcommunity #saplearning #sapblog

In a recent study conducted by AOP and SAP, we found that a large portion of global procurement leaders are not part of the decision-making process for services. Philip Ideson recently spoke with Gordon Donovan, Vice President Research - Procurement & External Research at SAP, about the survey’s key findings and the current limitations - and opportunities - associated with services procurement. Listen here: https://lnkd.in/gYxDnYTj #artofprocurement #procurement #servicesprocurement

Contract Definition: Making long-term arrangements with a vendor with predefined terms and conditions within a specified time frame is known as a contract. Types of Contracts: 1.Quantity Contracts 2.Value Contracts 3.Centrally Agreed Contracts 1.Quantity Contracts: A quantity contract involves a long-term agreement with a vendor for the supply of a specific quantity of goods over a defined period. The terms and conditions, including price, are pre-determined and fixed. 2.Value Contracts: A value contract is a long-term agreement with a vendor where the total value of purchases over a specified period is pre-determined. The agreement covers various materials or services up to a set monetary limit. 3.Centrally Agreed Contracts: Centrally agreed contracts are agreements negotiated at a central level (e.g., headquarters) and are applicable across multiple locations or subsidiaries within an organization. This ensures consistent terms and conditions across the enterprise. #SAPMM #SAPContracts #QuantityContracts #ValueContracts #CentrallyAgreedContracts #Procurement #SupplyChainManagement #VendorManagement #ERP #SAPLogistics #SAPProcurement #MaterialManagement #SAPTraining #SAPConsulting

Team sourcing & procurement 🤝, rescuing your company's GROSS PROFIT MARGIN 💰 one purchase at a time! Discover their superpowers ❇ in our value paper. https://lnkd.in/gebZsF9 #sourcingandprocurement #sourcing #procurement #spendmanagement #suppliercollaboration #supplierselection #sap #saprariba #sapfieldglass #sourcetopay #contractmanagement

How to deliver on business priorities in sourcing and procurement? By having the right KPIs in place, and ensuring continuous development in strategic sourcing, operational procurement and supply chain operations. Check out our value paper for more insights!

Hi, let's talk about the types of the purchasing organizations in SAP. You see the organizational structure in procurement below. 1. Plant Specific (separate purchasing departments for each plant, responsible for negotiating with vendors, creating contracts, issuing purchase orders) 2. Cross-Plant (single purchasing department responsible for procurement activities for more than one plant, in the same company code of course 😀) 3. Cross-Company Code/Corporate Group (just one purchasing organization for multiple plants in different company codes) 4. Reference (one centralized purchasing department at client level, responsible for negotiation and creation of global agreements. These agreements are used by local purchasing organizations to create purchase orders) 5. Standard (can be used to create automatic purchase orders)

Payment Terms Matter: Don't Let Them Disrupt Your Supply Chain! When it comes to supply chain management, payment terms are often overlooked - but they can have a significant impact on your business! Clear and negotiated payment terms can: - Improve cash flow and reduce financial risk - Enhance supplier relationships and negotiate better prices - Increase efficiency and reduce administrative costs - Mitigate potential disputes and delays But, did you know that: - 40% of businesses experience payment delays due to unclear terms (approx.) - 25% of supply chain disruptions are caused by payment issues (approx.) Don't let payment terms disrupt your supply chain! Take control by: - Clearly defining payment terms in contracts - Establishing trust with suppliers through open communication - Utilizing technology for efficient payment processing - Regularly reviewing and negotiating terms Share your experiences and best practices for managing payment terms in the comments below! Let's connect and optimize our supply chains! #paymentterms #supplychainmanagement #logistics #finance #supplychain #Purchasing #P2P #Procurement #ERP #SAP #SAPMM #ITProcurement #USA #Canada #UK #Europe #UAE #KSA