In today’s volatile business environment, companies need to be innovative and efficient while navigating disruption and risk. Effective and collaborative supplier relationships are essential in achieving these objectives, and business leaders recognize that digital solutions can greatly improve their ability to manage supplier-centric processes. According to ‘Building Bridges: How to strengthen procurement/supplier relationships’, a 2023 Economist Impact survey sponsored by SAP, supplier relationship management is the second-highest C-suite priority for managing organizational risk over the next 12 to 18 months. This comes right behind supply chain visibility, where effective supplier management is also critical.
The good news is SAP Ariba Supplier Management solutions can help. With that said, at SAP, we understand leveraging technology for effective supplier management is a journey. Therefore, if you have implemented SAP Ariba Supplier Lifecycle and Performance and/or SAP Ariba Supplier Risk or are considering doing so, we’ve created ‘SAP Ariba Supplier Management: Ten strategies to boost your program effectiveness’. The document consists of the best practices, innovations, and solution capabilities we’ve identified by listening to you. Check it out today and stay updated on the latest innovations and developments by visiting the SAP Road Map Explorer web site and SAP Community.
If you have questions about how SAP can help you better collaborate with your suppliers, talk to your SAP account executive or Customer Success organization contact.
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