SAP Business Suite for Spend Management

Opportunities

Digital Transformation: Leveraging technology like SAP Business Suite can streamline procurement processes, provide real-time insights, and improve decision-making Supplier Collaboration: Strengthening partnerships with key suppliers can enhance reliability, reduce costs, and support sustainability initiatives Predictive Analytics: Using AI-powered tools for demand forecasting and risk management can reduce lead times, optimize inventory levels, and improve resource efficiency.

13 Days

Spend Under Management

Best in Class Metrics*

Sourcing Savings Rate

Sourcing Cycle Time

88.3%

16.7%

*SAP Customer Benchmarking program

Top Challenges of Supply Chain and Procurement*

Only

13% 49% 40%

of executives have a clear view of overall spend in real time

of executives say most or all of their processes are manual

of executives experience product shortages with direct material suppliers

41%

of executives say they have supplier performance issues #

Only

collaborate with suppliers to remedy product quality issues with those suppliers

25% 49% Only

of consumer products executives can quickly find alternative sources of supply

*Agile Procurement Insights

# 2024 Consumer Products Industry Outlook - Deloitte

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