SAP Spot Buy is a dynamic procurement solution that enables businesses to quickly and efficiently purchase goods and services that fall outside of their usual procurement channels.
This article explores how SAP Spot Buy empowers businesses to streamline their procurement process, reduce maverick spending, and maintain control over ad-hoc purchases.
Understanding the SAP Spot Buy Capability
The SAP Spot Buy capability provides a robust platform for capturing, managing, and controlling tactical purchases. This empowers users to facilitate effective tail spend management and maintain compliance with critical purchasing policies across the organization.
By providing access to a vast marketplace of suppliers, SAP Spot Buy allows organizations to make on-the-fly purchases with ease, ensuring urgent or unexpected needs are met without compromising compliance or cost-effectiveness.
Key Features and Benefits
Tail spend control
SAP Spot Buy enables greater purchasing control by providing a qualified supplier base, specifying supplier access for buyers, and monitoring against directories in the Office of Foreign Assets Control.
This way, organizations can regulate critical buying restrictions based on specific parameters, such as category, supplier, manufacturer, user, price threshold, preferred items, and more, further improving control over critical spend processes.
Simplified spot buy processes
By leveraging the SAP Spot Buy capability within SAP Ariba Buying solutions, organizations can facilitate effective spend management, simplify key buying and invoicing processes, and provide a consumer-like shopping experience for users to search for items and place orders.
SAP Ariba Spot Buy also allows employees to choose from trusted suppliers on the SAP Business Network and access pre-enabled B2B marketplaces, simplifying purchasing processes and improving efficiency.
Reduced costs
Traditional buying and handling processes for non-sourced goods and non-catalog requests require longer processing times and greater costs. With the Spot Buy capability, users can eliminate the need to manage and update databases regularly, delivering better cost savings and improving overall operational efficiency.
How Can We Help?
Whether you’ve been live on SAP applications for years now or just getting started on your journey with SAP, Surety Systems has you covered.
From outlining plans for a new SAP implementation to navigating complex supplier relationships, facilitating effective integrations between SAP and non-SAP systems, and driving greater visibility into overall spend, our senior-level SAP consultants are here to help.
Contact Us
For more information about our SAP consulting services or to get started on a project with our team of expert consultants, contact us today.
