Explaining the Business Case for SAP Ariba Supplier Risk

Objective

After completing this lesson, you will be able to explain the business case for SAP Ariba Supplier Risk.

Supplier and Risk Management Challenges

  • Manual and error-prone supplier onboarding
  • No link between supplier qualification and segmentation status and sourcing and contract management systems
  • No framework for proactive risk due diligence when evaluating suppliers
  • Inability to segment the supply base by risk level and category

Business Case for SAP Ariba Supplier Risk

  • How can I capture risk incidents and classify them into regulatory, operational, financial, and ESG categories?
  • How do I remediate issues that arise to reduce the inherent risk of doing business with a supplier?
  • How do I quickly register, evaluate and onboard suppliers and sync the data with my ERP systems?
  • How can I segment my supply base by risk exposure to determine what actions are required?
  • How can I continuously monitor a supplier’s risk given changing risk signals?
  • How can I connect the supplier onboarding and qualification processes with risk due diligence?

Organizations’ Supplier and Risk Management Requirements

  • Streamlined supplier lifecycle processes
  • Global view of supplier base
  • Supplier self-service for documenting and updating profiles
  • Focus on sustainability and diversity
  • Synchronization of supplier master data with back-end systems
  • Anticipation, monitoring, and mitigation of supplier risk using structured and unstructured data

Log in to track your progress & complete quizzes