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Maximizing Procurement Efficiency with SAP Ariba: A Game-Changer for Growing Businesses

4 July, 2019

Growing a small business into a large one is no easy feat. Research in the U.S. shows that only 0.1% of companies reach annual revenues of USD 250 million, and just 0.036% achieve USD 1 billion. Most small and medium-sized businesses (SMBs) will remain at their current size without proper tools and strategies.

SAP Ariba is helping SMBs overcome these challenges by using its Discovery tool to recommend qualified suppliers. The “Suppliers You May Like” feature guides buyers to suppliers based on several factors, such as buyer requirements, supplier capabilities, performance ratings, and previous business awarded to them by others on the network.

There are multiple use cases for this tool, especially for spot-buy and tail-spend sourcing scenarios. For SAP Ariba users, these situations occur when an item may not be in a catalog but still requires competitive bidding. SAP Ariba’s new Spot Buy feature, integrated with P2P and Discovery applications, allows front-line buyers to create competition during requisitions. This leads to better sourcing decisions without the need for a full strategic sourcing process.

While not a replacement for strategic sourcing, SAP Ariba’s tools can add significant value through competitive bids, even in a single round. For companies leveraging tactical sourcing with SAP Ariba’s P2P, Discovery, and Spot Buy features, research shows an impressive procurement ROI, with tactical sourcing yielding 3.5X annual cost reductions.

Eclectic Consulting, an SAP Gold Partner in Indonesia, continues to explore SAP Ariba’s latest developments. From SAP Ariba Spend Visibility to the impact of the HANA in-memory database on spend analysis, Eclectic Consulting remains at the forefront of helping businesses optimize procurement and drive growth.

This is an article from Eclectic Consulting about Maximizing Procurement Efficiency with SAP Ariba: A Game-Changer for Growing Businesses. If you want to see our SAP solutions based on the industry, you may check it through this page: https://www.eclectic.co.id/our-solutions/by-industry/. Otherwise, you can contact Eclectic Consulting today to learn more about how our SAP integrated ERP solutions can benefit your organization and help you navigate the complexities of today’s digital landscape.

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SAP Gold Partner | SAP S/4HANA | SAP RISE | SAP GROW | Eclectic

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SAP Gold Partner | SAP S/4HANA | SAP RISE | SAP GROW | Eclectic

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SAP Gold Partner | SAP S/4HANA | SAP RISE | SAP GROW | Eclectic

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