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White Paper Description
In the automotive industry, purchasing has become a critical business component. Some experts estimate that a 4 percent reduction in sourcing costs can add as much to profits as a 10 percent increase in sales. With intense global competition putting constant pressure on vehicle prices, many companies see improved sourcing and procurement as key to increasing margins, profits, and competitiveness.
Related Topics: Purchasing Management, Supplier Relationship Management (SRM), Strategic Sourcing Solutions
Related Industries: Management, Scientific, and Technical Consulting Services, Management of Companies and Enterprises
Related Keywords: mySAP SRM, SRM, procurement processes, strategic sourcing, supply cycle, SAP, supplier relationship management, sourcing costs, purchasing activities, supplier networks
Source: SAP
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