SAP IBP for Connected Planning for Procurement — Savings and Planning Tracker

The goal each year for procurement departments is to reduce costs for their companies.

The ways these goals are created for each company often varies between internal groups and teams. We often see dozens of different spreadsheets and formats across a single organization, all being tracked separately, and then eventually aggregated via email.

These practices make tracking and reporting on savings plans and achievements difficult, leading to inaccuracy, delayed information, and unverified results. Customers both in and out of procurement can benefit from having a way to plan and track savings in a unified and streamlined set of dashboards.

The Procurement Savings Planning and Tracking Model works to remedy these issues by providing a single source to identify, track, validate, and record savings across an organization, business lines, products, suppliers, and geographies.

Targeted business outcomes:

• Unified model for planning, tracking, and reporting procurement savings across a company
• Improved transparency and accountability on savings commitments.
• Objective oversight and validation of realized savings.
• Visibility into supplier historical performance that drives future improvements.
• Robust processes and communication strengthens buyer/supplier relationships.