SAP Ariba Solutions transform companies’ procurement process end-to-end, facilitating better spending, sustainable savings, and a healthy supply chain. Alkem Laboratories has chosen SAP Ariba Strategic Sourcing and SAP Ariba Snap as its solutions for digital transformation.
Leading Indian pharmaceutical company Alkem Laboratories has taken the big step, as part of its growth strategy, to digitalise its procurement process as well as increase its efficiencies through SAP Ariba Solutions.
Chief Operating Officer of SAP Ariba Asia Pacific Japan, Ben Redwine, has expressed the value of digitalising procurement in not only transforming supply chains but in supporting growth strategies as well. He said:
“Alkem’s unwavering commitment is to make a difference to patients’ lives around the world – a commendable goal we hope to support by accelerating its adoption of Intelligent Spend Management. Our SAP Ariba solutions will help Alkem reduce costs, improve efficiency, increase transparency and encourage supplier collaboration while integrating with existing systems including SAP S/4HANA – which will help the business run better and, in turn, improve more people’s lives.”
Alkem, operating for almost 5 decades in more than 50 markets around the world, aims to improve efficiency and optimise costs across all processes promising a huge competitive advantage in a cost-conscious market. As India’s generic and specialty pharmaceutical forerunner, Alkem foresees a better procure-to-pay process that transforms the buying experience with intelligent insights, better supplier collaboration, increase transparency and sustainability through the implementation of SAP Ariba Solutions.
Specifically, the SAP Ariba Strategic Sourcing portfolio and the SAP Ariba Snap Program are the selected solutions by Alkem for the following benefits and features:
- Breadth: End-to-end source-to-settle platform with native integration with SAP S/4HANA
- Depth: Best-price discovery with sourcing strategies and competitive bidding
- Reach: Reduced crisis management through better supplier collaboration and order transparency
SAP Ariba Strategic Sourcing
The SAP Ariba Strategic Sourcing portfolio promises to optimise cost, manage risk, and ensure excellent savings. The portfolio offers streamlined solutions in managing Alkem’s sourcing, contracting and spend analysis processes across direct and indirect materials and services. The portfolio includes:
- SAP Ariba Spend Analysis
- SAP Ariba Sourcing Solutions
- SAP Ariba Contracts
- SAP Ariba Discovery for buyers
- SAP Ariba Savings Pipeline and Tracking
SAP Ariba Snap Program
SAP Ariba Snap Program enables midsize companies to take control of spending and enforce compliance. Alkem will be able to increase its spending control by utilising the program’s preconfigured spend categories, embedded procurement policies, business rules, and approval workflows. Fast-growing midsize companies benefit from SAP Ariba Snap Program’s enterprise-class procurement offerings helping them move quickly to the cloud.
As the leader in spend management, SAP Ariba, along with the world’s largest business-to-business network, Ariba Network, is, indeed the strongest go-to partner for digital transformation.