The Very Best In eProcurement
Before we get you into The Very Best In E-Procurement, you might want to check this article out as it appears in our April Issue of Supply Chain Digital. Trust us, it's way cooler to read this article when you can flip through our user-friendly e-reader.
Procurement makes the world of industry go round. It’s just common sense – without supplies, your entire supply chain grinds to a halt. As technology has continued to evolve, the world of procurement and supply exchange has also been rapidly changing. Studies have shown that the role of procurement in industry is more important than ever, and in an effort to drive down costs and boost productivity, many are turning to e-procurement tactics to more effectively manage their supply chains.
E-procurement software has become vital to good business strategy, and already there are myriad e-procurement services on the market aiming to make your supply chain more agile and adept. Here are a few companies whose enterprise resource planning (ERP) services have left us impressed.
When it comes to computer-based business applications, SAP AG has always been ahead of the curve. The company was founded in 1972 by former employees of IBM, and went on to revolutionize business data systems by pioneering the development of systems as individual yet harmonious “modules.”
Nearly forty years later, SAP AG has never stopped pushing the boundaries of innovative business applications, and their developments in e-procurement are no exception. SAP has developed several ERP solution modules to fit individual businesses’ differing needs, including modules focusing on Financials, Operations, and Human Capital Management. No wonder the ERP software has been picked up by major names like Kraft Foods, Butterball, and Sentry Group. These are business that can’t afford to lose sight of their supply chain strategy, and SAP’s e-procurement system gets the job done.
Oracle Corporation has a lot to be proud of. With 370,000 customers – including every member of the Forbes 100 – it’s no surprise that the company saw profits of over $9 Billion USD at the end of its 2010 fiscal year. But while Oracle may be best known for its databases, the technology corporation is also seeing major success with its e-procurement ERP software.
“In today’s economy, customers may not be inclined to implement large-scale upgrades of their core operational systems,” said Bruce Richardson, AMR Research Chief Research Officer in a press release supporting the launch of Oracle’s E-Business Suite. “The ability to recognize rapid value in the near term without requiring an upgrade could be viewed as an effective way to build a strategic IT roadmap and lay the ground work for long-term success.”
Oracle’s E-Business Suite takes this gradual approach to heart, offering a wealth of modular e-procurement applications that can work together to support your supply chain and business as you need it. Because every business has different needs, Oracle Corporation developed a variety of specialized E-Business Suites product lines including Oracle Mobile Supply Chain Applications and Oracle Procurement.
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Spanish software company Openbravo comes from humble beginnings. It first made its debut in 2001 as Tecnicia, started by Nicolas Serrano and Ismael Ciordia as an outlet for the management techniques they had developed for their employer, the University of Navarra. Since its rebirth as Openbravo in 2006, its innovation has attracted a number of heavy hitters to its cause, including two veterans of Microsoft Business Solutions who recently joined Openbravo’s executive ranks.
Openbravo’s latest e-procurement offering is the award-winning Openbravo 3, a modular open source ERP platform with a broad range of functions and the ability to integrate seamlessly with Openbravo’s recently acquired Point of Sale system. Openbravo ERP offers a lot of benefits vital to distribution and supply chain management including real time inventory visibility, extended supply chain visibility, rapid order entry for easy repeat invoicing, and multi-currency support for your global operations – and all this with an exceedingly user friendly interface. Once Openbravo implements an integrative payroll system, the company could have all the tools it needs to take over the e-procurement world.
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.