5 Ways to Improve Supplier Collaboration
For procurement managers, supplier collaboration is among the top priorities in today’s on-demand age where supply chain competitiveness is a value creator. To go about creating this value, procurement leaders need to make data-backed supply chain decisions.
However, while there is an enormous amount of data to leverage, it is siloed across departments and systems. The resulting incomplete, inaccurate and inconsistent information can prevent supply chain stakeholders from taking timely, astute actions.
As a result, companies may find it challenging to maintain lower inventory levels, optimise warehousing and transportation costs, shorten lead times, reduce out-of-stock levels, gain visibility into demand and supplier performance.
However, with crafting an indisputable supply chain strategy, they can not only combat the above-mentioned road blocks, but also improve core capabilities and cost-competitiveness, which can further help them win more clients.
So, what are the top five ways in which a company can improve Supplier Collaboration?
- Shift your mindset and ready yourself for the growing pains that will accompany the business growth
- Segment your supply base and make sure to cater to supplier aspirations
- Smoothen touch points between the various elements of the chain
- Use modern Analytics to make data backed decisions.
- Make use of the latest technology to improve efficiency, speed and ensure cost optimization of all segments involved in the supply chain.
The above-mentioned strategy points were studied by the bright minds at SAP.
SAP was founded in 1972 with the vision of providing integrated applications supporting business processes in real-time. Procurement was an early business process supported in the first SAP ERP applications. Fast forward to half a century later, with the acquisition of Ariba, procurement activities of SAP clients across the world were in for a transformational experience in terms of delivery time, ease of operation and overall efficiency.
SAP Ariba Supply Chain Collaboration is an extension of Ariba Network that enhances the ability of suppliers to collaborate with buyers in supply-chain tasks such as ordering, invoicing, and shipping. Even today, its primary goal remains to collaborate efficiently with all supply-chain partners through a single global solution, streamlining the procurement process.
Primarily, SAP Ariba works towards reducing working capital and carrying costs by trimming excess buffer stock. It also increases assurance of supply and on-time customer shipments. Responding instantly to changes in supply and demand with real-time visibility into metrics, it delivers results like no other competing technology. It spots potential breakdowns using dashboards and configurable rules, and fix issues before they impact customers.
SAP Ariba solutions proudly range from ordering, forecasting, inventory, and quality, covering all major aspect of a primitive to the most complex supply chain.
Do you wish to transform your company’s supplier collaboration process with SAP Ariba? The answer lies with associating with us, at Exalogic Consulting!
Exalogic is a front runner in experimenting with technology that promises a greater result for our clients, and an ease of operation for our team. With excellence and customer relations at the pinnacle of all things, we have taken our first step towards foraying into the Ariba territory. Unlike several other players in the market, Exalogic is abreast with an SAPAriba license, which provides us with the access to all products of Ariba. With this, we ensure you get the best outcome as far as the management of your supply chain is considered.
Integrating the preconfigured Ariba system with SAP S/4 HANA, which is a complete enterprise resource planning system,we create an infrastructure with which we can offer a real time demo to our clients and not just a two-dimensional presentation.
The move makes sure that our patrons get a better picture of their future landscape and visualise the outcome better.
Another major advantage that Exalogic has over the other contenders in the market is the ease in deployment of the solution and the time saved, as Ariba is already pre-configured.
As your business grows, the supply chain involved in bringing tasks to fruition tends to get more complex. The key to always staying ahead of the curve is to strengthen the links of the chain.
So, are you ready to take your business to the next level and strengthen your supplier collaboration strategy? With an exceptional team of SAP specialists, we at Exalogic Consultancy would be thrilled to help you aid your journey and be a part of your success story! Get in touch with our experts now.
Schedule a free demo with us today!
