Savings Pipeline and Tracking
Implementing an online sourcing solution can play a significant role in achieving program goals, yet many companies still struggle in driving the usage of their tools and associated processes to realize the full benefit. To further complicate the matter, it been challenging for many companies to fully measure and report on the benefits driven by their sourcing initiatives.
Business Needs
The problem most organizations face is being able to consistently track the current transactions and histories associated with each savings initiative, and have the necessary information available for immediate analysis. In order to meet savings targets, companies must create, manage, and report their sourcing pipeline. Additionally, savings initiatives can involve many different stakeholders and can last for several months—or even years—making this an even more-daunting task. Ariba has worked extensively with customers to help them accelerate the adoption of their technology and drive results. An effective solution must be able to:
- Allow users to manage their sourcing pipeline and create a shared plan of upcoming sourcing activities to be executed
- Help determine if necessary resources are available for upcoming projects
- Track current transactions and histories associated with individual savings initiatives and use that information as a template for future initiatives
- Warehouse all transactional data to create reports and analyze savings
- Effectively capture and share savings insights across stakeholders using a collaborative team workspace
- Provide warnings when at risk of not meeting savings goals
Ariba Savings Pipeline and Tracking provides companies with a powerful method for driving and evaluating the impact of their sourcing programs, helping them to define their sourcing program activities and measure their success by tracking and reporting savings and spend
- Save time and money by reducing manual processes, errors and oversights
- Gain visibility on upcoming sourcing activities and quantitatively measure the delivered value of sourcing activities
- Measure the success of Sourcing programs by tracking savings and spend
- Easily track savings by time period, regions, supplier and spend type
- Streamline the way savings initiatives are conceived, approved, and executed
- Track estimated, negotiation, implemented, realized and actual spend on savings
- Capture historical data to help in planning future sourcing initiatives
- Acquire a highly secure way to track savings through document access control and approvals
- Gain productivity and visibility into spend process
- Achieve on-demand Infrastructure with rapid deployment
- Obtain training and support
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