SAP Ariba signs deal with China to digitise procurement
The country has...
China has announced plans to make SAP the strategic partner for digital procurement for the largest furniture industrial park in China.
The country has become an active player in the global economy especially as it strives to execute its Belt and Road Initiative.
SAP Ariba will be the park’s strategic platform to digitise procurement and create an efficient process for managing spend from source-to-settle that supports its aggressive growth objectives and helps local small and medium enterprises connect and collaborate across a global business-to-business network.
“We are on a mission to grow the furniture industry in China and become the world’s largest furniture innovation hub,” said People’s Government of Ganzhou Nankang.
“Our ability to execute depends directly on a platform to help us expand business globally and to manage the sourcing, procurement and payment of goods and services with maximum efficiency and speed. It is therefore essential that we have a holistic, automated source-to-settle system that is smart, reliable, and easy to use. So we chose SAP Ariba.”
With SAP Ariba, companies in the furniture industrial park will have access to an open and smart set of tools they can use to manage the entire sourcing process – from uncovering opportunities for savings, identifying and qualifying suppliers and negotiating optimal agreements to implementing contracts, tracking savings and managing supplier performance – across all categories of spend from indirect goods and services to direct materials.
“Procurement today requires a modern digital platform,” said Fua Chye Yaw, General Manager, Greater China.
“Knowing this, forward-thinking organizations like Ganzhou Nankang are embracing SAP Ariba’s solutions to manage the procurement process from source to settle, while controlling spend, minimising risk, identifying new sources of savings, creating new business opportunities and building a healthy, sustainable supply chain.”
People’s Government of Ganzhou Nankang joins more than 3.4mn organisations in 190 countries around the world – including more than 160,000 across Greater China – that are connected to the Ariba Network and will use a number of the cloud-based applications delivered on it.
SAP Ariba to digitise procurement for Expo 2020 suppliers
The global trade event, this year hosted in Dubai, was rescheduled from last year and will now take place between 1 October 2021 and 31 March 2022.
As the event’s Innovative Enterprise Software Partner, SAP Ariba solutions will fully digitise and automate the procure-to-pay lifecycle, providing a streamlined experience for thousands of market leading, global suppliers and strengthening the global supply chain with enhanced transparency and efficiency. The cloud-based platforms operate through on SAP Ariba’s UAE public cloud data centre and connects to the Ariba Network.
Expo 2020 "a long-term investment"
Mohammed AlHashmi, Chief Technology Officer, Expo 2020 Dubai, said the world trade event is “a long-term investment in the future that aims to enhance opportunities for sustainable business connectivity and growth”, which stretches beyond Expo 2020’s six-month window.
“Our partnership with SAP is an example of what can be achieved with the invaluable support of our technology partners to host one of the most digitally advanced World Expos ever,” he added. “The implementation of SAP Ariba solutions has transformed our end-to-end procure-to-pay cycle and helped set new standards of procurement automation for projects of this scale.”
To date, more than AED 1bn has already been transacted by Expo 2020 suppliers through SAP Ariba. The platform promotes collaborative partnerships and allows registered users to participate in sourcing events, negotiate and initiate contracts, and centralise their invoicing and payments in real time.
Claudio Muruzabal, President of EMEA South, SAP, said: “Expo 2020 Dubai is demonstrating global best practices in digitising its procurement process with SAP Ariba solutions to help gain visibility into its spend, tighten collaboration with its suppliers, and achieve process automation, including completely paperless invoicing.”
About Expo 2020 Dubai
Expo 2020 will take place in Dubai and is the first of the long-running World Expos to be hosted in the Middle East, Africa and South Asia territory. The original World Expo, called the Great Exhibiton, was hosted in 1851 at the Crystal Palace in London, designed as a showcase for the innovations of the Industrial Revolution.
Expo 2020 was originally due to run 20 October 2020 to 10 April 2021, but was last year postponed in light of COVID-19 restrictions - though some business has already taken place virtually. The event will place greater emphasis on innovation in sustainable solutions through the Sustainability District, blending technology and culture. It is expected that around 70 per cent of the 25 million attendees will be international visitors.