We are deep into the age of the networked economy – a place where the global village has taken on a new meaning and people and information can physically travel farther, but through the Internet, can virtually be as close as possible at any given time.

The networked economy isn’t a crowded place full of tangled wires, but a place where businesses and systems are connected through digital communities composed of existing and potential partners. It’s a new type of economy where better-informed decisions can be made more quickly and are far more effective. 

Through a carefully intertwined approach of leveraging the benefits of the networked economy and well-planned and executed technology solutions, companies can use real-time data, collaboration, and readily accessible supply sources to make better use of working capital and improve spend management. That scenario works best for companies, which are taking full advantage of available technology and maximizing the potential of sourcing and procurement operations.

To bring companies up to speed and ensure they are using an optimal process landscape, SAP and Ariba, an SAP company, use an assessment service for procurement that leads to strategically developing and improving processes that can reduce costs and risks, and are deployed with minimal disruption. This service is based on best practices and guided by business-process and technology experts, and can help a company transform its enterprise-wide sourcing and procurement process. 

SAP Services can offer an in-depth evaluation of a company’s procurement business processes with goals including: identifying ways to improve procurement savings, reducing maverick spend, and improving contract compliance.

The result? It’s a holistic process landscape that supports end-to-end sourcing and procurement and includes a target architecture and solution road map for business process transformation. This is all done through an optimal and seamlessly integrated blend of SAP and Ariba solutions and deployment options that incorporates existing solutions.

While the service scope can be customized to ensure it delivers the most value, companies can expect:

  • Interviews to define goals, scope, and approach
  • Analyses of existing purchasing profiles, procurement and IT strategies, and procurement processes and systems
  • Review of the project environment and other corporate initiatives
  • High-level design of the “to-be” process and solution landscape
  • Road map for process transformation
  • An integrated one-vendor solution for procurement

This service is modular, and companies have the ability to select the components and scale the project to meet assessment needs.

The SAP information sheet, Maximize the Potential of Your Sourcing and Procurement Operations, provides more information about these services and how companies can ensure their operations are performing in the networked economy.

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