Maintenance of Address ID in Manage Purchase Orders.Partner Functions in Manage Purchase Orders.Carbon footprint data at material level in value help PO*.Dunning Reminders for Order Acknowledgement.Enablement of attachments on purchase requisition header level.Display of purchase order status in a self-service purchase requisition.Self-service procurement ‚My Purchase Requisition (new)‘-app.Carbon footprint in Source of Supply Allocation*.Please watch the summary video covering my top highlights – & read the text for more details. Implementation and optimization: When sourcing is automated and digitized, organizations can move faster, build in feedback loops for continual optimization, and constantly evaluate suppliers to make sure they're getting the best sourcing agreements possible.Check out the following innovations to increase your business’s profitability while obtaining goods and services with SAP S/4HANA Cloud, public edition 2302.Negotiations and contracting: Automated tools can speed workflows, simplify the digital signature process, and create an electronic repository of contracts where organizations can set renewal alerts.Supplier discovery and RFx: Sourcing becomes a strategic advantage when organizations can access supplier data through a digital business network, allowing them to request RFPs and have suppliers compete for their business.Data collection and spend analysis: Spend analysis concentrates supplier data into one source, letting organizations know exactly what’s being spent where and presenting the opportunity to streamline vendors.The process can be broken down into four steps: Strategic sourcing best practices include digitizing documents, participating i n a digital business network, and automating workflows.
Strategic sourcing can be customized to meet a customer’s specific needs, but its main goal is to leverage a single, integrated system to enhance profitability. It stops short of the actual purchase of and payment for goods and services. Strategic sourcing is a procurement process that connects data collection, spend analysis, market research, negotiation, and contracting.
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