SAP S/4HANA Sourcing and Procurement - New Innovations

Sourcing and Procurement key area for any Business enterprise. It had several shortcomings and pain-points which was acting as roadblocks for supply chain. SAP S/4 HANA has brought out several innovative functionalities to take care of these shortcomings. This course focuses on sourcing and procurement by discussing the challenges in this area and how SAP S/4HANA can help address them. We'll then provide details about SAP S/4HANA innovations and the future innovations and direction for the sourcing and procurement line of business (LoB). We'll discuss these key functionalities in the different areas of sourcing and procurement, which includes operational purchasing, invoice and payables management, sourcing and contract management, and supplier evaluation and analytics. In the 1809 release of SAP S/4HANA, new machine learning capabilities were added to the sourcing and procurement LoB, enabling intelligent procurement for enterprises. We'll also explore these functionalities in a more detailed way. One of the key challenges within sourcing and procurement today is the technical complexity of the landscape related to the previous solutions introduced for procurement, such as even SAP Ariba, SAP Supplier Relationship Management, and SAP Supplier Lifecycle Management etc.. Different systems are providing operational, tactical, and strategic activities, resulting in many challenges in aligning data across systems and supporting the data. We will learn how these challenges are taken care through SAP S/4HANA Sourcing and Procurement. To set right expectations, this course gives you details of new innovations but not on any configuration aspects. Scope of this course does not cover them. This course focuses mainly description aspects.