However, strategic sourcing is a larger concept that aims to improve the procurement process of your business and ensure the lowest cost for the whole process. Sourcing is simply the process of identifying the suitable suppliers for your business to procure products and services at the optimal price. Description The 'SAP Certified Application Associate - SAP S/4HANA Sourcing and Procurement' certification exam verifies that the candidate has the fundamental and core knowledge in the area of sourcing and procurement required for the consultant profile. Enabling tech-fueled procure-to-pay transformation Find out how Sasol transformed its procure-to-pay process, improving supplier relationships and operational efficiencies while reducing accounts payable costs, with SAP Ariba solutions. You will also see a difference between two terms – sourcing and strategic sourcing. Accessing data After a user account has been created for you as an SAP Sourcing user, you will receive a system-generated e-mail with your user ID and a temporary password (see Figure 1). You will have to factor in the total sourcing cost, including the price for creating contracts, time factors, and transportations, not just the direct purchase cost. This is a overview of SAP Sourcing as a software solution for efficient management of the tendering process. However, if you consider long-term prospects, you will have to consider many additional factors where the concept of sustainable savings comes into play. But can the lowest price always guarantee you the highest savings for your business? For a very short-term, it might. In a traditional sense, many of us often look at sourcing with a narrower view: finding a supplier and negotiating to secure the lowest possible price.
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