Purpose

• • SAP Sourcing is a module that facilitates the process of finding, evaluating, and selecting suppliers, ensuring that procurement teams are able to negotiate the best terms and conditions. It integrates with other SAP modules, such as SAP Ariba and SAP Supplier Relationship Management (SRM).

Key Features:

• Supplier Discovery: Identifies new suppliers based on requirements and a global supplier network.
• Supplier Evaluation: Allows businesses to evaluate supplier performance using a variety of criteria like price, quality, and delivery time.
• RFX Management: Facilitates the creation of Requests for Information (RFI), Requests for Proposal (RFP), and Requests for Quotation (RFQ) to gather bids from suppliers.
• Contract Management: Manages contracts with suppliers to ensure compliance with agreed terms and conditions.
• Spend Analysis: Analyses historical spending patterns to identify opportunities for cost reduction and process optimization.

Benefits:

• Provides better visibility into supplier performance and risks.
• Automates supplier selection and evaluation, reducing manual intervention.
• Enhances negotiation capabilities by providing data on supplier performance and market trends.