A centralized system to provide control and visibility into overall procurement operations
Maintaining inventory is expensive. Inventory and inventory-related costs are often the single greatest expense a company faces. The good news is that these costs are also major avenues of potential savings.
Consider an organization with global operations running multiple ERP platforms and repeatedly using the same set of vendors. On the face of this scenario it appears that there is a huge potential for cost and process optimization, but is there any solution available that doesn’t involve replacing the ERPs?
It’s called Central Procurement Hub – and it’s built into SAP S/4HANA.
The CP Hub behaves as a centralized system to provide control and visibility into overall procurement operations. CP Hub integrates multiple ERP systems into a single central system. One S/4HANA instance ties together all procurement activities, and one set of processes spans all connected ERP systems.
These integrations also provide an option to create a shared services model, further driving down the cost of maintaining dedicated users to execute similar transactions in multiple ERP systems.