What we learned at the SAP Spend Connect Live, Vienna

The SAP Spend Connect Live at Vienna was an exciting event, bringing together the top innovators in the field of procurement and supply chain. With 1,200+ attendees from around the world, the event highlighted the latest innovations in spend management, emphasizing the utilization of generative AI to enhance business outcomes.?

Beroe's partnership with SAP Ariba introduces procurement intelligence to SAP's category management solution enabling better sourcing decisions. At the event, we showcased the unmatched possibilities for building smarter category management plans on SAP Ariba by leveraging Beroe's market intelligence. We also hosted a session on leveraging external market intelligence to drive successful category management.

Here are some key takeaways from the event -

Importance of Category Management?– Category management, being a fundamental discipline continues to be valued by many customers and is a top priority for many Chief Procurement Officers (CPOs). The pandemic and subsequent disruptions in past few years have shown that, companies that have invested in category management are in a better position to manage supply chain disruptions.

Benefits of External Market Intelligence?– External Market intelligence encompasses category data, cost structure analysis, price movements, competitor analysis, alternate suppliers and more. When used for building category management plans, these insights help in deploying right category strategies and delivering measurable results for procurement.?

Digitalization of category management?– Digitalization is set to revolutionize category management by moving away from disconnected processes to a more strategic, agile and adaptable business process. In today's business landscape, having a scalable category management strategy is essential for successfully navigating disruptions.

Procurements’ rising prominence?– Disruptions from the pandemic and geopolitical instability in the last few years has made procurements’ role more prominent in the organization. This also means that procurement should continuously innovate to overcome future challenges and disruptions.

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To learn more about Beroe’s partnership with SAP Ariba, please visit?https://www.beroeinc.com/partners/sapariba/?