PALO ALTO, Calif., October 24, 2017 – With calls for tighter regulation and demand for organic alternatives on the rise worldwide, food production is a more complex business than ever. And managing costs and risk is critical to success. Recognizing this, Ferrero, the world’s third-largest chocolate manufacturer, today announced that it will implement solutions from SAP Ariba to simply and efficiently drive the process from end to end.
“For years we tackled procurement using different systems and applications,” said Jane Scott, Ferrero Group CIO. “We are sure that now, through an integrated platform on which we can consolidate all of our spend and collaborate with a global network of partners on everything from sourcing and orders through invoicing and payment, we will better achieve our goals.”
Like more three million companies in 180 countries around the world, Ferrero will connect to the Ariba® Network and use a range of the market-leading, cloud-based applications delivered on it to fuel a comprehensive source-to-settle process that is simple, smart and compliant. Among the solutions that Ferrero will use:
- SAP Ariba Strategic Sourcing Suite
- SAP Ariba Supplier Risk
- SAP Ariba Spend Analysis
- SAP Ariba Buying and Invoicing
- SAP Ariba Commerce Automation
- SAP Ariba Supply Chain Collaboration
“Procurement isn’t a discreet function that can be performed in silos. To do it well requires an integrated, digital approach,” said Paul Devlin, General Manager, SAP Ariba, EMEA and MEE. “In embracing SAP Ariba’s solutions, innovative companies like Ferrero can manage the entire buying process from source to settle, while controlling their spend, minimizing their risk, identifying new sources of savings and building a healthy, sustainable supply chain – all in one place.”
To learn more about SAP Ariba’s solutions and the value they can deliver, visit www.ariba.com
Ferrero began its story in the little town of Alba in Piedmont, Italy, in 1946. Today, with a consolidated turnover of over 10 billion euros, Ferrero is amongst the market leaders of the confectionery sector and the third worldwide Group in the chocolate confectionery market.
The Ferrero Group is present with more than 40,000 people across 55 countries; it has 22 production plants around the world, of which 3 are part of the Michele Ferrero Entrepreneurial Project in Africa and Asia. In addition, in 2015 the Group set up the Ferrero Hazelnut Company (HCo) that includes 6 agricultural companies and 8 manufacturing plants. Ferrero products are present and sold in more than 170 countries
Furthermore, Ferrero has social responsibility in its DNA. Product freshness and high quality, careful selection of the finest raw materials, sustainable agricultural practices and continuous research and innovation are some of the key elements of Ferrero’s success.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than three million companies and 180 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships – simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where more than $1 trillion in commerce gets done every year.
To learn more about SAP Ariba, visit www.ariba.com
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 365,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
# # #
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2017 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.