PALO ALTO, CALIF.--(BUSINESS WIRE)--
China has become an active player in the global economy especially as it strives to execute its Belt and Road Initiative. Now more than ever, Chinese enterprises require smooth cross-border transaction services to support their global businesses, and digital transformation to increase efficiency and manage costs. And that is why the People’s Government of Ganzhou Nankang, on the heels of establishing the largest furniture industrial park in China, today announced plans to make SAP Ariba the park’s strategic platform to digitize procurement and create an efficient process for managing spend from source-to-settle that supports its aggressive growth objectives and helps local small and medium enterprises connect and collaborate across a global business-to-business network.
“We are on a mission to grow the furniture industry in China and become the world’s largest furniture innovation hub,” said People’s Government of Ganzhou Nankang. “Our ability to execute depends directly on a platform to help us expand business globally and to manage the sourcing, procurement and payment of goods and services with maximum efficiency and speed. It is therefore essential that we have a holistic, automated source-to-settle system that is smart, reliable, and easy to use. So we chose SAP Ariba.”
With SAP Ariba, companies in the furniture industrial park will have access to a simple, open and smart set of tools they can use to manage the entire sourcing process – from uncovering opportunities for savings, identifying and qualifying suppliers and negotiating optimal agreements to implementing contracts, tracking savings and managing supplier performance – across all categories of spend from indirect goods and services to direct materials. And it can all be done in one place.
“Procurement today requires a modern digital platform,” said Fua Chye Yaw, General Manager, Greater China. “Knowing this, forward-thinking organizations like Ganzhou Nankang are embracing SAP Ariba’s solutions to manage the procurement process from source to settle, while controlling spend, minimizing risk, identifying new sources of savings, creating new business opportunities and building a healthy, sustainable supply chain.”
People’s Government of Ganzhou Nankang joins more than 3.4 million organizations in 190 countries around the world – including more than 160,000 across Greater China – that are connected to the Ariba® Network and will use a number of the cloud-based applications delivered on it, including SAP Ariba Strategic Sourcing Suite™, SAP Ariba Buying and Invoicing™, SAP Ariba Commerce Automation™, SAP Ariba Spend Analysis™ and SAP Ariba Supplier Risk™, to transform procurement into an efficient digital process through which it can:
Buyers using SAP Ariba’s cloud-based applications and business network can discover, connect and collaborate with a global network of partners to expand beyond sourcing materials locally. They can shop for the goods and services they need to run their business and with a few clicks, place and manage orders. They can view and manage their spend across all major categories – from indirect, direct and logistics to contingent labor and services, travel and capital expenditures – in a single location, find opportunities for savings and build a healthy, dynamic supply chain. Meanwhile, suppliers can connect with profitable customers globally who are increasingly doing business online, thereby opening new markets, revenue streams, and supporting economic growth.
To learn more about SAP Ariba’s solutions and solutions and the value they deliver, visit www.ariba.com.
About Ganzhou Nankang
Nankang district is in Ganzhou City, Jiangxi Province. The industrial economy of Nankang has continued to grow. There have been a large number of innovative and high-quality home furnishing brands such as Huiming Group, Tuantuanyuan Furniture and Huirui Cross-border Commerce. This modern furniture manufacturing center is accelerating its transformation and industrial upgrading. It has already built the first “Internet + furniture manufacturing” industry cloud platform in China– kj.casicloud.com. Nankang’s furniture industrial park is aimed to be the No. 1 furniture industrial park worldwide, which integrates the full cycle of furniture manufacturing, from production, research, innovation to tourism, finance and internet. Ganzhou Nankang People's Government is committed to support local companies to embrace the Belt and Road initiative to expand globally.
About SAP Ariba
SAP Ariba is how companies connect to get business done. On the Ariba Network, buyers and suppliers from more than 3.4 million companies and 190 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships – simplifying sales cycles and improving cash control along the way. The result is a dynamic, digital marketplace, where over $2.1 trillion in commerce gets done every year. To learn more about SAP Ariba, visit 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 approximately 404,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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