Digitalisation & Innovation of Supply Chain
In keeping with our Vision 2020, we are making efforts to bring about a digital transformation and push for innovations in our supply chain process. This will lead to simplification of the procurement process, transparency, better management of expectations on both sides and thus, strengthen our relationships with our business partners.
While working towards a digitally enhanced supply chain, we are also creating more eco-friendly processes that are conducive for sustainable performance. Over and above these benefits, digitalisation has helped improve the mechanisation of our operations, which in turn has enhanced productivity.
Implementation of ARIBA for Procure-to-Pay (P2P) Integration
The SAP ARIBA, a network based collaboration platform, has made it easy and convenient to connect and share information with our partners and vendor networks in real time. It has added significant value across the entire supply chain lifecycle by enabling efficient on-boarding and easy integration, improving transparency and compliance, and allowing scope for broader collaboration. It also provides crucial intelligence that helps detect warnings early on and implement remedial measures to mitigate probable risks.
During the reporting period we rolled out the ARIBA project for P2P integration in two phases. SAP Ariba: Sourcing & SIM (Supplier Information Management) Phase 1 module was launched on March 8, 2018.
ADVANTAGES FROM THE PROJECT INCLUDE
Seamless self-registration by vendors
Integrated Procure-to-Pay (P2P) platform
Supplier performance management
Improved compliance and governance, high transparency
Online negotiations using auctions
ARC Catalogue auto touch-less PO
PR-PO cycle time will be reduced to zero for APC Catalogues
Digital invoicing from suppliers
B2B and VMI integration with suppliers
Spend analytics
Elimination of repetitive activities and Data Management System
BENEFITS DURING THE REPORTING PERIOD INCLUDE
Savings of INR
117 crore
(7% over Last Purchase Price or L1 offer) through online auctions
462
online auctions were conducted for a total amount of INR
1,460 crore
Saving of
6,000
man-hours by eliminating the PR-PO cycle time for Annual Rate Contract items through APC catalogues
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