PALO ALTO, Calif.–(BUSINESS WIRE)–#SAPAribaLive—SAP Ariba today announced that its industry-leading procurement solutions have been implemented by Konica Minolta, Inc. to help realize greater efficiencies in the company’s procurement of indirect materials.
Under its corporate philosophy of “The Creation of New Value,” Konica Minolta pairs cutting-edge digital technologies with its core technologies in materials, optics, nanofabrication and imaging that it has cultivated as a camera and photographic film manufacturer over the 140 years since its establishment. Today, the company operates in diverse lines of business that range from office services to healthcare products and industrial materials and equipment, continuing to make forays into new businesses. A global enterprise that conducts sales and services in approximately 150 countries across the globe, Konica Minolta derives a large percentage of its revenue—roughly 80%—from its overseas operations. Konica Minolta aims to become a digital company with insight into implicit challenges faced by its customers all over the world so that it can resolve those issues alongside its customers and society.
Amid an operating environment that is transforming with increasing rapidity both within Japan and overseas, in order to support the continual growth of its business, Konica Minolta is enhancing its procurement and purchasing functions for indirect materials and aiming to optimize external purchasing costs as well as improve compliance through greater transparency in its expenditure processes. The company established an indirect materials procurement unit in early 2016, and is working to achieve greater efficiencies by analyzing external expenditure across its entire organization and successfully optimizing costs starting with more assessable goods. Simultaneously, Konica Minolta is targeting strategic and highly efficient procurement, hence the implementation of SAP Ariba solutions as a means of maximizing the benefits of consolidating data across its global operating sites.
Konica Minolta kicked-off a cross-organization change management project at the end of 2018 and by mid-2019 started running the full suite of SAP Ariba solutions that digitalize procurement and purchasing operations end-to-end. It includes sourcing functions as a procurement solution, billing and payment notification functions as a purchasing solution and Ariba® Network for managing relationships with the suppliers. This introduction of SAP Ariba solutions in Konica Minolta’s Japan operations is the precursor to the company’s plans for the successive deployment of the same applications in its overseas operations.
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