Sourcing and Contracts

Connect data collection, spend analysis, market research, negotiation, and contracting processes to speed up and enhance your performance.

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What Is Strategic Sourcing?

Strategic sourcing aims at providing a company with a single, integrated system through digitizing documents, participating in a digital business network, and automating workflows, in this way facilitating the process of finding the best suppliers and improving profitability. The key four steps of strategic sourcing include:
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Data collection and spend analysis

With all the data coming into one place, companies can get a clear picture of their spending and make intelligent decisions to streamline their vendors.

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Supplier discovery and RFx

Access to the supplier data through a unified digital business network and posting of RFPs there ensures the ability to get all the essential business information about their potential suppliers.

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Negotiations and contracting

To speed up processes related to contract management and make them more effective and result-oriented, companies can take advantage of various automated tools.

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Implementation and optimization

The digitalized and automated environment allows companies to achieve their goals faster by providing a clear vision of their weak points and potential growth areas.

Modules Covering Source-to-Contract Processes

Discovery
Sourcing
Contracts
Spend Analysis

Discovery

  • Ariba Discovery

This cloud-based global marketplace with over 6.7 million registered companies allows suppliers and customers to find each other easily, build relationships and collaborate in a unified environment - the one allowing them to post and respond to opportunities or leads effectively.

 

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Benefits of SAP Solutions for Strategic Sourcing and Contracting

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Automation of tendering processes
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Suppliers' activity and performance tracking
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Provision of self-service options for suppliers
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Facilitation of supplier onboarding
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Efficient certificate management
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Supplier qualification and segmentation
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Real-time data within the integrated network
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Spend analysis for more accurate decision-making

Among Our Clients Are

Among Our Clients Are

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