Strategic sourcing goes beyond just capturing savings. Changing requirements, increasing regulations, and brand value risks mean that businesses have to be more collaborative and transform the way they do business to address essentials in the sourcing lifecycle. See how companies approach the strategic sourcing process utilizing SAP Ariba solutions for sourcing, contracts, and spend analysis to better manage the business goals and objectives.
6. Nufarm is using procurement technologies to drive
their procurement agenda
6
• SAP Ariba Sourcing
• SAP Ariba Contracts
• SAP Ariba Supplier Information and Performance
Management
• SAP Ariba Buying
• Accelerate and improve Strategic Sourcing
process
• Sustain benefits and drive ongoing service
and cost improvements across categories
• Improved Supplier collaboration and
innovation
• Reduce manual involvement
• Optimise order fulfilment time
• Reduce leakage and improve control
SPEND ANALYTICS
STRATEGIC
SOURCING
CONTRACT
MANAGEMENT
REQUISITIONING
& ORDERING
RECEIVING &
RECEIPTING
INVOICE &
PAYMENT
PROCUREMENT VALUE CHAIN
PROCUREMENT TECHNOLOGY
VALUE DRIVERS
PROCUREMENT TECHNOLOGY
7. Nufarm intends to use the implementation of the SAP
Ariba solutions to achieve the following objectives:
• Establish and embed a single, consistent global process for sourcing
activities
• Capture spend data at the transactional level to enable informed decision
making
• Drive transactional procurement onto an automated simple-to-use platform
with embedded governance to increase efficiency
• Enable the identification of incoming commitments and material costs for
streamlined financial management
• Enhance ability to manage contracts and supplier performance delivering
cost compliance, discount capture and operational efficiencies
• Optimise working capital through harmonisation and compliance of payment
terms