For me, the most valuable feature of SAP Ariba Procurement is reverse auction, which helps us with price discovery in the market. After analyzing the quotes we have from suppliers, we found that many times there's a big gap in the rate we are paying and the benchmarking rate that is there in the market. The use of SAP Ariba Procurement platform for dynamic price bidding has been one of the best solutions that have been used by us. We use SAP Ariba Procurement's data analytics feature. It mostly helps us with slicing and dicing of the data, making the spend analysis more customer-friendly. That helps us to make decisions on the different contracts that can be simplified and that can be easily used for giving us the best cost and the best service to be provided, and also integration of service levels in that. The spend analytics platform gives us visibility on the way spend is organized among different categories, different regions, and different subcategories. It shows how we can consolidate buying in certain cases, and in addition to that, how we can leverage our spend data so that cost savings can be utilized and we can maximize the benefits that have been offered as part of the analytics solution. SAP Ariba Procurement has impacted my organization in many important ways that have been prolonged benefits. The top three benefits I see are that there has been a lot of trust in suppliers post this implementation. It builds transparency in the system. Supplier key performance indicators, those which are evaluated through the supplier scorecard, are easily and readily available and visible in the system. The supplier and the customer are quite aware of the way supplier performance is moving over the period of time. It has also helped us to bring many cost-saving opportunities that have led to actual deliverable savings of 5% to 8% for us. Supplier performance has also improved over a period of time.
