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PTT Global Chemical Fuels Greater Collaboration through Ariba
|By Business Wire
|May 27, 2014 08:30 AM EDT
With supply chains growing longer and more complex, effectively managing
trading relationships can be a challenge. But innovative companies like
PTT Global Chemical Public Company Limited (PTTGC) have found a way to
simplify it. Just as consumers tap into social tools and networks to
shop, share and consume better, they are tapping into the business
network of Ariba,
an SAP company, to discover, connect and collaborate more efficiently
and effectively than ever before.
“Procurement used to be a largely manual process that required a lot of
time and effort,” said Wilawan Songjaroen, Vice President – Procurement,
PTTGC. “With Ariba, we have been able to streamline and take it to the
Three years ago, PTTGC implemented a range of Ariba’s solutions to fuel
a standard, online sourcing process through which it could more
efficiently negotiate best-value agreements. And to drive compliance
with them, it launched a catalog-based procurement process. Today, the
company’s procure-to-order cycle is completely automated and
transparent. And it is completed with greater speed.
The improved process has also enabled PTTGC to enhance its relationship
with suppliers by:
Reducing the cost of doing business with the company
Providing greater visibility into the status of invoices and payments
Providing access to technology to improve efficiency and productivity
To build on the results it has delivered to date, PTTGC is expanding its
use of the Ariba®
Network. “We are now sending purchase orders to key suppliers
through the network to make it easier for them to transact, acknowledge
and send ship notices to us,” Songjaroen said.
And the company ultimately intends to do this with all of its suppliers
to achieve a world-class, end-to-end procurement processes that supports
“Networks are the most efficient, effective way to connect with a global
network of partners and transact business,” said Sudhir Grover, Regional
Vice President, SAP Cloud. “In embracing them, innovative companies like
PTTGC are enabling new processes that are only possible in a networked
environment are driving transformation across their operations.”
Used by more than 1.5 million connected companies to conduct over half a
trillion in commerce on an annual basis, the Ariba Network is the
world’s largest and most global business-to-business trading platform.
To learn more about the network and the value it can deliver to your
organization, visit www.ariba.com.
About PTT Global Chemical Public Company Limited
Chemical Public Company Limited (PTTGC) is a fully integrated chemical
manufacturer. Its core products—ethylene, propylene, polymer resin,
aromatics and refined petroleum products—are supplemented by a number of
commercially valuable by-products that figure in the production of a
wide range of downstream petrochemical products. PTT Chemical is set to
play a vital role in spurring Thailand’s industrial and economic growth
and in raising the quality of Thai people’s lives.
About Ariba, an SAP Company
Ariba is the world’s business
commerce network. Ariba combines industry-leading cloud-based
applications with the world's largest web-based trading community to
help companies discover and collaborate with a global network of
partners. Using the Ariba® Network, businesses of all sizes
can connect to their trading partners anywhere, at any time from any
application or device to buy, sell and manage their cash more
efficiently and effectively than ever before. Companies around the world
use the Ariba Network to simplify inter-enterprise commerce
and enhance the results that they deliver. Join them at: www.ariba.com
As market leader in enterprise application
software, SAP (NYSE: SAP) helps companies of all sizes and industries
run better. From back office to boardroom, warehouse to storefront,
desktop to mobile device – SAP empowers people and organizations to work
together more efficiently and use business insight more effectively to
stay ahead of the competition. SAP applications and services enable more
than 258,000 customers to operate profitably, adapt continuously, and
grow sustainably. For more information, visit www.sap.com.
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