China has announced plans to make SAP the strategic partner for digital procurement for the largest furniture industrial park in China.
The country has become an active player in the global economy especially as it strives to execute its Belt and Road Initiative.
SAP Ariba will be the park’s strategic platform to digitise procurement and create an efficient process for managing spend from source-to-settle that supports its aggressive growth objectives and helps local small and medium enterprises connect and collaborate across a global business-to-business network.
“We are on a mission to grow the furniture industry in China and become the world’s largest furniture innovation hub,” said People’s Government of Ganzhou Nankang.
“Our ability to execute depends directly on a platform to help us expand business globally and to manage the sourcing, procurement and payment of goods and services with maximum efficiency and speed. It is therefore essential that we have a holistic, automated source-to-settle system that is smart, reliable, and easy to use. So we chose SAP Ariba.”
With SAP Ariba, companies in the furniture industrial park will have access to an open and smart set of tools they can use to manage the entire sourcing process – from uncovering opportunities for savings, identifying and qualifying suppliers and negotiating optimal agreements to implementing contracts, tracking savings and managing supplier performance – across all categories of spend from indirect goods and services to direct materials.
“Procurement today requires a modern digital platform,” said Fua Chye Yaw, General Manager, Greater China.
“Knowing this, forward-thinking organizations like Ganzhou Nankang are embracing SAP Ariba’s solutions to manage the procurement process from source to settle, while controlling spend, minimising risk, identifying new sources of savings, creating new business opportunities and building a healthy, sustainable supply chain.”
People’s Government of Ganzhou Nankang joins more than 3.4mn organisations in 190 countries around the world – including more than 160,000 across Greater China – that are connected to the Ariba Network and will use a number of the cloud-based applications delivered on it.