Companies Choose SAP To Help With Supply And Demand Volatility
SAP SE announced that Palace Resorts and Siemens Energy are among the hundreds of companies worldwide to have chosen SAP Ariba and SAP Fieldglass solutions in the third quarter to help digitalize procurement and external workforce management. Hundreds more companies also renewed licenses and went live with solutions from SAP to optimize spend management.
Top Martech Insights: AiThority Interview with Jon Miller, CMO and CPO at Demandbase
SAP maintains the largest share of the procurement applications software market, according to the recently published “IDC Worldwide Procurement Applications Software Market Shares, 2020: Digital Became the New Normal” report.* IDC estimates that SAP’s market share has grown to 32.8%, maintaining its position of having the largest share of the market — more than the next 11 vendors combined.
IDC Vice President of Enterprise Applications and Digital Commerce Mickey North Rizza said, “SAP clients have told us collectively that they have chosen SAP Ariba solutions for the extensive benchmarking across industries and spend categories and integration with SAP S/4HANA. They also love the guided buying experience in the SAP Ariba solutions. Many others have told us SAP Fieldglass solutions have helped improve their services procurement processes for engagement with consulting firms, marketing agencies, field services, maintenance and business process outsourcing.” According to the report, IDC estimates that the procurement software market has grown 5.4% to $6.2 billion in 2020 alone.
Ongoing shifts and imbalances in supply and demand have led companies across geographies and industries to recognize how critical digitalizing operations is to procuring goods and services and keeping the global economy running.
“Right now, business leaders are recognizing the power of procurement and flexible workforces to help them achieve more than just cost savings,” said Etosha Thurman, Chief Marketing and Solutions Officer, Intelligent Spend and Business Network, SAP. “We believe our market leadership is one of the reasons why they are turning to SAP to help increase agility and reduce risk in a world where supply and demand is volatile, disruption is expected and risk in various forms is more pervasive than ever before.”
Recommended AI News: Kaskada Brings New Method of Time Travel to Feature Engineering
Highlights from the third quarter include:
Grupo KUO, a Mexican industrial conglomerate, selected SAP Fieldglass solutions for contingent workforce management. By digitalizing and automating its processes for sourcing, hiring and managing external talent, the company aims to comply with Mexico’s recent labor outsourcing regulation while also improving the experience for its workers and talent suppliers.
Mubadala Investment Company, a global investment group based in the United Arab Emirates and owner of the Acelen oil refinery in Brazil, has chosen SAP to support its growth strategy. Acelen will adopt the RISE with SAP offering, combining SAP S/4HANA® Cloud, private edition, and the SAP Analytics solution to unify operations under one robust platform. In addition, cloud-based SAP Ariba, SAP Concur®, SAP Fieldglass and SAP SuccessFactors® solutions will help transform spend management and total workforce management so Acelen can maximize savings and deliver a better human experience for all workers.
The Palace Resorts hotel chain in Mexico has selected RISE with SAP to support its IT strategy of digitalizing business processes in the cloud. The hospitality group also chose SAP Ariba solutions to help transform its procurement function and improve the buying experience and collaboration with its suppliers.
Petrobras, the Brazilian energy company, is accelerating its digital transformation with SAP. Taking a phased approach following the adoption of SAP S/4HANA, this quarter the company went live with SAP Ariba solutions for guided buying and catalogs to help improve its procurement and supply chain processes and provide a better user experience for employees and suppliers.
Siemens Energy AG, based in Munich, Germany, is focused on shaping the energy transition worldwide to help protect the climate while meeting growing energy demand with its strong and resilient portfolio. It selected SAP Ariba solutions to help improve, harmonize and automate procurement operations across the organization.
Waters Corporation, the Massachusetts-based analytical laboratory instrument and software company, selected SAP Ariba solutions — after a highly competitive evaluation and selection process — to help digitally transform its supply chain and improve its procurement operations with standardized and automated processes. Connecting to a digital network and aligning stakeholders and trading partners to a common plan will help Waters gain real-time visibility to anticipate and respond to changes in demand more quickly and orchestrate its multitier supply chain more effectively, with the goal of improving inventory management, customer service and on-time shipments.
Zijin Mining is one of China’s largest gold mining companies. To support its rapid global expansion, the company selected SAP Ariba solutions to help improve the transparency, intelligence and compliance of its procurement system, strengthen group governance, and meet different procurement requirements around the world.
Recommended AI News: Robin.io and StorCentric Announce Hyperconverged Cloud-Native Solutions
[To share your insights with us, please write to email@example.com]