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Procurement
A well thought out SRM Implementation provides the insight and analysis needed to manage procurement processes. Purchasing organizations typically perform manual requisitioning in mySAP SRM and perform receiving and financial settlement in the ERP back-end, but they have a variety of deployment options for order management. Also, by integrating catalog-based requisitioning with the traditional procure-to-pay process, the company can gain the benefits of e-procurement without losing the back-end enterprise resource planning (ERP) processes.
The benefits yielded from the procurement processes available in mySAP SRM are :
- Streamlined procure-to-pay process; less administration and more efficient business processes; elimination of errors; increased productivity; faster cycles; and lower processing costs
- Improved overall management of demand
- Improved contract compliance
- More free time to focus on value-adding activities
- Better compliance with Sarbanes-Oxley and other regulatory requirements
Requisitioning - Requisitions can be created automatically with mySAP ERP through a materials requisition process run, or created manually with mySAP SRM using shopping carts, based on text descriptions, material numbers, or catalog entries. Using the deployment option, purchasers define which software handles each part of the requisition process.
Order management -
The roles of mySAP ERP and mySAP SRM can be defined
through classic deployment
that relies on back-end ERP software, extended
classic deployment that automates supplier-facing
processes, or stand-alone
deployment that handles procurement entirely in mySAP
SRM.
Receiving - The physical process of receiving goods and services in the software can be reflected to prepare for follow-on processes such as automated financial settlement. Purchasers can use self-service functions in mySAP SRM and back-office functions in mySAP ERP.
Financial settlement - Financial transactions can be handled through mySAP SRM and mySAP ERP to make financial settlement more efficient by using tools for cross-system invoice management, evaluated receipt settlement, and invoice payment.
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