Meet unique sourcing needs in automotive and industrial manufacturing
Automotive and industrial manufacturing companies have unique sourcing requirements for their highly engineered products. This limits the applicability of traditional sourcing solutions for procurement teams that are managing materials costs for these types of products.
To support these unique requirements, SAP now offers the SAP Product Sourcing software solution. It runs natively on SAP S/4HANA and is part of the product sourcing solutions suite from SAP, which includes SAP S/4HANA for procurement planning.
Now your team can have the tools it needs for sourcing event creation and management, multiple rounds of supplier negotiations, supplier response evaluation and awarding, configurable approval workflows, and sourcing document management. This cloud-based solution can help your organization to:
Accelerate time to market and effectively tap supplier innovation
Reduce and better estimate the cost of materials and services
Improve operational compliance and accuracy
Harness economies of scale across multiple ERP systems globally and locally
Simplify the supplier-award process to facilitate compliance with contract terms
SAP Product Sourcing Software Features
Automated project initiation
Demand and sourcing projects are triggered by purchase requisitions acquired from multiple back-end systems.
Preferred supplier lists are managed based on multiple material groups and company codes to make it easier for users to invite the right set of suppliers to bid.
Flexible options are available for obtaining quotations from suppliers in multiple currencies, as well as supplier collaboration options such as integration with your existing supplier portal or a third-party portal.
Through a single user interface, supplier responses are evaluated and compared, the business awarded, and transaction information conveyed to a contract repository and other legal documents.
Automated negotiation processes
Supplier negotiations and pricing conditions are automated for greater efficiency, including options for multiple rounds of renegotiation and support for flexible pricing conditions.
Consistent, company-wide application of procurement policies is encouraged through configurable workflows for process controls and approved supplier lists based on multiple material groups and company codes.
Access to material masters
Direct access to material masters helps ensure that documents that are automatically created following sourcing awards – such as contracts and purchase orders – comply with sourcing terms and conditions.