Vendor Relationship Management
Procure-to-pay Excellence for Best Outcomes
Vendor Relationship Management provides you with novel methods to harmonize business processes with the vendor and supplier networks. The solution facilitates a complete range of vendor management activities from raw material sourcing to product delivery.
Enterprises can optimize and integrate operations while harnessing excellence and cutting out all the excess time, effort and investment involved in vendor value chain.
The solution allows reliable long-term relationships that aid in examining and predicting purchasing behaviour, tightening procurement cycles and working with partners in real-time.
Rewards of maintaining efficient vendor relationship processes
- Shrinks procurement overheads by closing the loop from source to pay
- Structures the acquisitions of products and services effectually
- Accelerates purchasing orders and invoicing cycles
- Automates operative procedures to decrease buying errors, eliminate manual tasks and random buying
- Builds concerted supplier relationships and integrates suppliers into the procurement processes
With SAP’s vendor relationship management suite, one can simplify, automate and fast track a company’s procure-to-pay practices for products and services.
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