Supplier Relationship Management Functionality in SAP Business All-in-One - Optimize Procurement and Sourcing: Overview Video

Watch how SAP Business All-in-One can help your organization optimize procurement and sourcing to control maverick buying, improve supplier sourcing, and simplify and unify IT.

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http://www.sap.com/demos/mmov/videos/supplier-relationship-management-functionality-in-sap-business-all-in-one-optimize-procurement-and-sourcing-10-ov-us.mp4
- Supplier relationship management functionality in SAP Business All-in-One: Optimize procurement and sourcing.
- Pressure to control procurement inefficiencies and material costs is driving organizations to better manage their procure-to-pay processes.
- Your purchasing department needs to focus resources where they can add the greatest business value –
- for example, by improving strategic sourcing and supplier negotiation.
- In addition, your management likely wants to control maverick buying and increase your company’s purchasing power.
- Supplier relationship management functionality in SAP Business All-in-One can help.
- The SRM functionality helps purchasing organizations optimize procurement and sourcing processes.
- The software helps you control maverick buying and enforce purchasing policy compliance.
- You can also drive approval compliance with robust, role-based workflows that eliminate disparate purchasing practices.
- The software empowers your employees with a user-friendly interface that eases adoption and increases procurement transparency.
- For example, employees can enter their own purchase requisitions using approved online catalogs.
- By facilitating employee purchasing compliance, the software helps you reduce costs in major spend categories.
- With the SRM functionality, you can also improve your supplier sourcing.
- The software can generate and manage requests for quotation, or RFQs, to potential suppliers.
- You can also conduct bidding events, which reduce complexity and increase your purchasing power.
- Bidders can respond through a web interface, which improves the process cycle time.
- SAP Business All-in-One also helps you find the best source of supply and quickly convert winning bidders to suppliers.
- At the same time, the software helps you unify and simply your IT environment by supporting
- natively integrated processes for supplier relationship management and enterprise resource planning.
- Because the SRM and ERP functionality share common data, you can perform related activities,
- such as purchase requisitioning, purchase order generation, and invoice matching, using one unified solution.
- By taking advantage of tightly integrated business functionality across SRM and ERP,
- you can realize rapid time-to-value, eliminate integration complexity, and reduce overall total cost of ownership.
- With the SRM functionality in SAP Business All-in-One, your purchasing staff can focus on
- value-added activities, such as negotiating lower prices with suppliers.
- At the same time, your business will prof
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