sponsored by SAP AG
Posted:  26 Jan 2009
Published:  23 Jan 2009
Format:  PDF
Length:  20  Page(s)
Type:  White Paper
Language:  English
ABSTRACT:
Sourcing and procurement organizations have great potential to reduce costs, contribute to the bottom line, and deliver against enterprise strategic goals. By implementing strategic sourcing strategies and by implementing both strategic and tactical best practices, companies can improve effectiveness and achieve year-over-year savings in both lower harddollar costs and avoided costs. The companies that pursue this approach understand the potential of sourcing and procurement organizations and are transforming them from a back-office function into strategic business partners. These savvy companies will not only hold the line on costs, they will improve their enterprise's chances of success in today's highly competitive markets.



Authors

Vanessa C. Smith
Senior Principal ,  SAP
Vanessa C. Smith, a senior principal in SAP’s Value Engineering group based in Newtown Square, Pennsylvania, leads the joint ASUG/SAP Benchmarking initiative for supplier relationship management and procurement. A specialist in procure-to-pay processes, she has launched several global supplier portal applications and has led strategic vendor sourcing initiatives with FORTUNE 500 companies in a variety of industries.

Shruti Goel
Senior Consultant ,  SAP
Shruti Goel is a senior consultant in SAP’s Value Engineering group based in Gurgaon, India. She leads the joint ASUG/SAP Benchmarking initiative for supplier relationship management and procurement team in India. She has conducted more than 100 benchmarking studies with companies across different industries and contributed in many benchmarking-related deals.

Tushar Gulhane
Consultant ,  SAP
Tushar Gulhane is a consultant in SAP’s Value Engineering group based in Gurgaon, India. A member of the ASUG/SAP SRM Benchmarking initiative, he has been involved in benchmarking studies across several industries.



BROWSE RELATED RESOURCES
Collaboration | ERP | Inventory Management | Procurement | Supply Chains | TCO

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