Companies within largest furniture industrial park in China to use digital network and cloud-based apps to drive simple, efficient process for managing procurement from end to end
China has become an active player in the global economy especially as it strives to execute its Belt and Road Initiative.
Now more than ever, Chinese enterprises require smooth cross-border transaction services to support their global businesses, and digital transformation to increase efficiency and manage costs.
And that is why the People’s Government of GanzhouNankang, on the heels of establishing the largest furniture industrial park in China, today announced plans to make SAP Ariba the park’s strategic platform to digitize 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 GanzhouNankang. “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 a simple, 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. And it can all be done in one place.
“Procurement today requires a modern digital platform,” said FuaChye Yaw, General Manager, Greater China. “Knowing this, forward-thinking organizations like GanzhouNankang are embracing SAP Ariba’s solutions to manage the procurement process from source to settle, while controlling spend, minimizing risk, identifying new sources of savings, creating new business opportunities and building a healthy, sustainable supply chain.”
People’s Government of GanzhouNankang joins more than 3.4 million organizations 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, including SAP Ariba Strategic Sourcing Suite™, SAP Ariba Buying and Invoicing™, SAP Ariba Commerce Automation™, SAP Ariba Spend Analysis™ and SAP Ariba Supplier Risk™, to transform procurement into an efficient digital process through which it can:
- Gain a clear view into all spending
- Drive a simple, compliant purchasing processes
- Quickly and easily onboard suppliers
- Negotiate optimal agreements with suppliers
- Drive greater contract compliance
- Improve demand and supply planning
- Identify and minimize risk in the supply chain
- Simplify and speed reporting
Buyers using SAP Ariba’s cloud-based applications and business network can discover, connect and collaborate with a global network of partners to expand beyond sourcing materials locally. They can shop for the goods and services they need to run their business and with a few clicks, place and manage orders. They can view and manage their spend across all major categories – from indirect, direct and logistics to contingent labor and services, travel and capital expenditures – in a single location, find opportunities for savings and build a healthy, dynamic supply chain. Meanwhile, suppliers can connect with profitable customers globally who are increasingly doing business online, thereby opening new markets, revenue streams, and supporting economic growth.
To learn more about SAP Ariba’s solutions and solutions and the value they deliver, visit www.ariba.com.