Few industries are more competitive than technology. Today’s consumers – both personal and enterprise – want innovative products at low prices. And new companies are cropping up in markets around the world to deliver them.
To maintain their edge and gain advantage, providers must diligently manage their costs and supply base. Lenovo Group Ltd. recognizes this.
And the company has embraced digital solutions from SAP Ariba which it is implementing across its global operations with support from Deloitte to create a collaborative digital process for sourcing goods and services that can deliver savings and efficiencies, while at the same time, fueling business innovation and growth.
Like most large organizations, Lenovo buys lots of things. And typically, purchases were made by many business groups using different systems and processes.
“We needed a standard way to manage procurement that would allow us to not only manage our costs, but minimize risks, and an integrated system to drive it,” said Sophie Zhu, Procurement Director, Lenovo.
“Working with SAP Ariba and Deloitte, we proposed new functional requirements and developed a financial management solution that could accommodate our unique needs. And they delivered.”
With in-depth knowledge and experience in the SAP Ariba technology, Deloitte has been helping clients like Lenovo to implement a broad range of cloud-based applications that allow them to optimize their procurement process, manage their customer and supplier relationships and achieve higher cost efficiency.
“SAP Ariba provides a powerful platform to drive simpler, smarter sourcing,” said Lai Youyou, SAP Consulting Partner, Deloitte.
“When implementing the company’s solutions, we have been able to help Lenovo drive a more transparent and collaborative negotiation process that has opened the door to savings, efficiencies and innovation.”
Lai added that there is an aggressive timeframe to execute this high-level collaboration agreement, which will involve functional and technical experts from China and the U.S. which will enrich Deloitte’s experience in SAP Ariba’s applications and facilitate the two companies in seizing business opportunities in the rapidly growing local market.
Lenovo joins more than 2.5 million companies in 190 countries around the world who are connected to the Ariba® Network and using it to transact over $1 trillion in commerce on an annual basis.
“The world has gone digital and procurement has gone with it,” said Gareth Bowen, Head of SAP Ariba, Greater China. “Innovative organizations like Lenovo that are embracing the trend can power new ways of thinking and operating that beyond savings and efficiencies, create long-term, sustainable advantage for their business.”