|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 next level.”
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 its business.
“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
PTT Global 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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