DaimlerChrysler Achieves Significant ROI in Only Six Months With mySAP E-Procurement.Business/High Tech Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Dec. 18, 2001 Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. Study Finds mySAP E-Procurement Yields Significant Benefits At Automaker's Spanish Unit Confirming the value of its e-procurement offerings, SAP Markets, Inc., the exchange company of the SAP group, today announced that an influential research and consulting organization found Mercedes-Benz Espana S.A., a division of DaimlerChrysler AG, is realizing "significant benefits" after implementing mySAP(TM) E-Procurement to streamline purchasing and connect with e-marketplaces. Aberdeen Group Inc. found that within the first six months mySAP E-Procurement, featuring SAP Markets(TM) Enterprise Buyer(TM) (Professional Edition) as the key component, gave Mercedes-Benz Espana the flexibility to reduce the number of suppliers from 1,497 to approximately 200 and achieve an 80 percent return on investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the report, Mercedes-Benz Espana has achieved a total savings from e-procurement in the region of 1.5 million euros to 3 million euros ($1.4 million to $2.7 million U.S.), 20 percent to 30 percent of which can be attributed directly to process cost savings. The independent report issued by Aberdeen found that within the mySAP E-Procurement system, Enterprise Buyer (Professional Edition), which is jointly developed by SAP Markets and Commerce One, Inc., enabled Mercedes-Benz Espana to streamline procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , reduce costs including labor costs related to purchasing and invoicing in·voice n. 1. A detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill. 2. The goods or services itemized in an invoice. tr.v. , and more efficiently analyze purchasing activities. Mercedes-Benz Espana produces 90,000 vans a year and employs 3,300 employees at its manufacturing plant in Vitoria, Spain, and another 800 in Barcelona, Spain. "The mySAP E-Procurement solution has been widely accepted among our employees and, combined with Covisint, has revolutionized the way the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. does business," said Norbert Litzkow, board member of Mercedes-Benz Espana. "DaimlerChrysler considers this a unique opportunity for the company to become even more competitive in the international market." mySAP E-Procurement manages the instant purchasing of goods, along with the planning and monitoring of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. delivery from suppliers. It also provides workflows that allow managers to review and approve electronic requisitions and manage workers. The solution supports processes for planned and unplanned procurement of direct and indirect materials, goods and services. "Mercedes-Benz Espana wanted a solution that would integrate easily into its back-end system," said Frances Howarth, research director of e-business for Aberdeen, in the report, noting that the plant already operated a full-fledged SAP(R) infrastructure. "The mySAP E-Procurement solution slotted easily into this IT infrastructure." So easily, in fact, that Mercedes-Benz Espana became the first original equipment manufacturer in Europe to trade on Covisint, the world's largest online marketplace. mySAP E-Procurement offers customers a single solution that integrates multiple and decentralized de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. procurement and back-office systems into one homogeneous system homogeneous system n. A chemical system the parts of which cannot be mechanically separated and which has uniform physical properties throughout its mass or volume. that automatesa company's e-procurement processes worldwide and reduces overall cycle times and transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). . "SAP Markets provides our customers with solutions that are quick to implement and improve their time to market," said Mayur Shah, president of SAP Markets. "Aberdeen's report attests to the fact that the mySAP E-Procurement solution and its core SAP Markets Enterprise Buyer (Professional Edition) functionality is the most robust, scalable and flexible e-procurement solution available on the market today." About SAP Markets SAP Markets is the exchange company within the SAP group. We deliver extended selling and buying solutions as well as integration into related business services, providing competitive advantage by enabling collaboration with all trading partners. Exchange-based solutions from SAP Markets transform your value chain into one integrated, collaborative and seamless cycle. We can help you remove inefficiencies, transcend heterogeneous systems heterogeneous system n. A chemical system that contains various distinct and mechanically separable parts or phases, such as a suspension. , master growth and complexity, and realize the full potential of your value chain. At SAP Markets, we take your Business Beyond Boundaries Beyond Boundaries is a documentary series produced by Diverse Bristol for BBC Two. Each series follows a team of physically disabled adventurers as they take on some of the thoughest expaditions on the Planet under the guidance of EX SAS Major Ken Hames. (TM). SAP Markets opened for business in May 2000 and is headquartered in Palo Alto, Calif., with offices in St. Leon-Rot (Germany) and Singapore. To date, the customer base comprises more than 1,200 organizations worldwide. www.sapmarkets.com SAP Markets, Inc., is the exchange company of the SAP group of companies. Any statements contained in this document that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Words such as "believe," "estimate," "intend," "may," "will," "expect," and "project" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the SAP Annual Report on Form 20-F for 2000 filed with the SEC on March 28, 2001. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Copyright(c)2001 SAP Markets, Inc. SAP Markets and Business Beyond Boundaries are trademarks of SAP Markets, Inc. MarketSet and Enterprise Buyer are joint trademarks of SAP Markets, Inc., and Commerce One, Inc. Other product or service names mentioned herein are the trademarks of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion