Summary
In this session, we have Michael Deller, taking a deep dive with us into what's new with the 2023 release of SAP S/4HANA Cloud Private Edition in the sourcing and procurement line of business. We go through an overview of the functional areas of Sourcing and Procurement, then we zoom in on the latest innovations, all tailored to boost productivity of your operations - from central procurement to product sourcing, and beyond. The innovations include the capability for mass creation or modification of model product specifications, improved accuracy in supplier evaluations through a plant-level factory calendar, and simplification of product sourcing via a dedicated overview page. Additionally, the update also focuses on sustainability with the ability for suppliers to submit carbon footprints. The integration of AI for material group recommendations and provisions for mass changes to centrally managed purchase orders using the SAP Fiori app also adds to the efficiency. Usability enhancements in self-service requisitioning streamline various aspects. We will also refer to SAP Road Map Explorer that helps to get informed of the future of our product road map.
Key features and enhancements
- Mass Creation of Model Product Specifications: This new app allows users to import model product specifications using spreadsheets, easily create or modify model product specifications, including up to five levels of item hierarchies that can include products, services, and free text.
- Supplier Evaluations: We have added the ability to maintain a factory calendar on the plant level, allowing users to define working and nonworking days more accurately. With this update, nonworking days will no longer be considered for supplier evaluation. Furthermore, you will be able to configure the factory calendar for the calculation of supplier evaluation scores. This enhancement increases the accuracy of calculating supplier evaluation scores for time variance.
- Product Sourcing Overview Page: The new features allow sourcing managers to collaborate with stakeholders throughout the sourcing process. They can now easily track and review various sourcing projects and associated quotations with the new overview app.
- Collecting and Managing Carbon Footprint Data from Suppliers During Direct Material Sourcing Process: Sourcing managers create cost breakdown templates, mark relevant materials, let suppliers provide cost breakdown information during bids, and compare this information to determine the best supplier bid. Beyond quantities and qualities, collect carbon related data from your suppliers in the same well-structured way.
- AI Material Group Recommendations: Get proposals of recommended material groups with confidence scores based on a machine learning algorithm that analyzes previous purchase orders.
- Mass Changes of Procurement: Mass changes of centrally managed purchase requisitions can now be done by using SAP Fiori app in online mode rather than just via Excel uploads.
- Usability Enhancements in Self-Service Requisitioning: Numerous smaller updates have been made to improve self-service requisitioning such as Improved Status Tracking, Storage Location, and Ability to Copy Accounting Details.
- Road Map Explorer: This is a centrally accessible source for all future development plans for SAP products. The road map explorer allows you to filter depending on product, line of business, which industry or any other criterion relevant to you.
Other Webinars in the Series
- Overview
- Sales
- Finance
- Research and Development (includes the area formerly known as "Project Systems" - PS)
- Supply Chain
- Sourcing and Procurement
- Manufacturing
- Asset Management
- Service
- SAP Managed Tags:
