Bassett Furniture Industries & SAP Ariba - Creating Long-term Sustainable Value for Bassett Furniture Industries, Incorporated - Premikati
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Bassett Furniture Industries & SAP Ariba Creating Long-term Sustainable Value for Bassett Furniture Industries, Incorporated
Linking Bassett Furniture Industries, Incorporated’s Vision to the Value of
SAP
Bassett Furniture Industries, Incorporated
How can SAP Help Business Benefits
Vision & Strategic Priorities
Bassett Furniture Industries, Incorporated’s By partnering with SAP, Bassett Furniture Bassett Furniture Industries, Incorporated
vision is to position the company as a leading Industries, Incorporated can streamline the can realize significant benefits through process
mill products company by leveraging following processes and accelerate its journey improvements:
technology to create smart factories and towards achieving its vision:
• 915.2 K in annual recurring benefits
digital distribution networks • Purchasing
• 1,602.7 K in one-time benefits
To achieve its vision Bassett Furniture
Industries, Incorporated is focusing on:
This analysis elaborates on the potential benefits
• A disciplined approach to solve business
challenges and provide innovative product that SAP solutions can enable for Bassett
• Target specific market segments through a Furniture Industries, Incorporated.
consistent omnichannel presence
SAP can help Bassett Furniture Industries,
• Reduce carbon footprint
Incorporated in accelerating the journey to
the intelligent enterprise.
*The steady state benefit represents the potential benefit that can be gained in an year by considering 100% realization for the value driver
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 2
Recurring benefits One-time benefit
Bassett Furniture Industries, Incorporated Can Realize Significant Benefits
Currency: U.S.Dollar
Purchasing
Reduce days in inventory 1,097.7 K
Comprehensive improvement on indirect
561.0 K
spend
Potential Cumulative Value
Improve days payable outstanding 505.0 K
915.2 K 1,602.7 K Reduce IT spend 115.8 K
Improve sourcing savings on direct spend 81.9 K
Improve procurement FTE productivity 56.7 K
Reduce inventory carrying cost 45.9 K
Improve tactical sourcing savings 29.9 K
Note: The steady state benefit represents the potential benefit that can be gained in an year by considering 100% realization for the value driver
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 3
Recurring benefits One-time benefit
Bassett Furniture Industries, Incorporated Can Realize Significant Benefits
Currency: U.S.Dollar
Purchasing
Improve supplier/external partner compliance 15.4 K
Improve accounts payable FTE productivity 8.7 K
Potential Cumulative Value
915.2 K 1,602.7 K
Note: The steady state benefit represents the potential benefit that can be gained in an year by considering 100% realization for the value driver
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 4
Intelligent Processes Deliver Significant Value
Process Area SAP’s Value Proposition Value Drivers Customers are Realizing Value
• Advance service contract compliance by enforcing complex pricing across • Reduce days in inventory • Drogery Retail OOO - 10%
materials, geography, and volume Inventory reduction for wholesale
• Comprehensive improvement on channel and 4% reduction in retail (
• Automate tactical sourcing processes for major cost reductions with request-for- indirect spend Link )
spot-quote solutions
• Improve days payable • American International Group -
• Boost shared-service procurement operations with better collaboration of casual outstanding Eliminate multiple reporting
users and professionals repositories and ledger reporting
• Reduce IT spend environments, reducing the overall
• Capture service entry sheet details for your field contractors IT operating infrastructure ( Link )
• Improve sourcing savings on
Purchasing • Close the procure-to-pay loop with secure electronic payment execution with direct spend • Villeroy & Boch AG - Freed up
comprehensive remittance purchasing staff to focus on
• Improve procurement FTE strategic tasks ( Link )
• Collaborate better and source smarter productivity
• Delux Bearings - Tighten sourcing
• Collaborate with suppliers and service providers to define efficient contract • Reduce inventory carrying cost and inventory management
scope and service terms strategies to cut costs and eliminate
• Improve tactical sourcing waste ( Link )
• Comply with contracted prices and terms automatically across all operational savings
procurement activities • A Financial Services Company -
$7.4 million in cost savings since the
program’s inception ( Link )
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 5
Intelligent Processes Deliver Significant Value
Process Area SAP’s Value Proposition Value Drivers Customers are Realizing Value
• Drive business value by using managed catalogs to standardize procurement • Improve supplier/external • AL DAHRA HOLDING L.L.C. -
processes partner compliance Manage the buyer and supplier
ecosystem efficiently and effectively
• Drive compliance and contract adherence using supplier performance • Improve accounts payable FTE ( Link )
information for actionable feedback productivity
• Migros - Improve customer
• Drive compliance and realize savings you negotiate using contract authoring, • Reduce revenue loss due to satisfaction with increased product
execution, and repository stock-outs availability and reduce stock-out
situations ( Link )
• Drive comprehensive compliance by guiding service requisition and service- • Reduce time to market for new
order procurement processes products • KAESER KOMPRESSOREN SE -
Purchasing Shorten time to market while
• Drive scalable and business process specific supplier onboarding and • Increase spend under maintaining product quality ( Link )
qualification management (Strategic)
• Drive trusted, confident decisions based on insightful spend analysis, • Improve sourcing savings on
classification, and enrichment indirect spend (Strategic)
• Enable casual users to create contract, supplier risk, and procurement requests • Improve user compliance
across sourcing channels (Strategic)
• Expedite invoice processing through an end-to-end digital procedure for invoice
collaboration
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 65 Year Benefit Estimate
Currency : U.S.Dollar
5,169.9 K 5,169.9 K
5 Year Cumulative Benefit Net Present Value (NPV)
0.0 K
3 Months Cost of Delay
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 7Recommended Solutions to Achieve Value
By leveraging the power of SAP technologies, Bassett Furniture Industries,
Incorporated can successfully achieve its business objectives while enabling
a quantum leap in stakeholder experience. We recommend the following
solutions to drive value:
We recommend the following solutions to drive value:
• Ariba Sourcing, cloud edition
Purchasing • SAP Ariba Procurement, cloud edition
• Ariba Network
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 8Customers are Achieving Value From SAP
Company Company
Pregis Corporation Koehler Paper Group
Industry Industry
Mill Products Mill Products
SAP Solution SAP Solution
SAP Leonardo technologies SAP HANA, enterprise edition;
SAP Analysis for Microsoft Office;
SAP Fiori UX
Customer Web Site Customer Web Site
https://www.pregis.com/ www.koehlerpaper.com
Pregis Corporation Koehler Paper Group
Pregis is a leading provider of innovative packaging materials, making products such as air cushioning, In business for over 210 years, Koehler Paper Group produces more than 500,000 tons of specialty paper
void fill, and foam sheeting. To keep its machines running non-stop at customer sites, Pregis required and board annually for the global market using the very latest technology.
digital support to monitor and analyze machine readiness 24x7.
With SAP HANA, enterprise edition, Koehler Paper Group benefited with high-performance mapping and
With SAP Leonardo technologies, Pregis manages the “smart” machines it maintains at customer analytics of quality lab data and real-time time series data from production, making billions of records
locations. Equipped with tablets and special sensors, these machines collect and transmit data that available within a second, using embedded business functions.
Pregis uses to keep machine availability high, automate field service, and support timely inventory • Real-time availability of order and handling data for faster analysis
replenishment. • Faster, easier development of intuitive, pleasing, and user-friendly Uis
• Greater uptime through real-time inventory monitoring and downtime alerts • More exact, efficient, and easier to handle quality management processes
• Faster response to site-specific issues, leading to increased customer satisfaction
Click here for Pregis source reference Click here for Koehler source reference
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 9SAP is committed to Innovation in Mill Products Industry
Mill Products Cloud Comprehensive Industry Proven Services
Consortium Coverage Offering
ü Incorporates innovative technologies delivering ü More than 15,100 mill products companies in ü Proven methodologies to drive innovation, from
real-time insights, greater visibility, and better 117 countries are innovating with SAP reimagining customer experiences to enhancing
decision-making solutions operations
ü Delivers preconfigured integrated processes ü 23 of the 25 top steel-producing companies ü Innovation that is fueled through a managed
that are user ready in the world run SAP solutions innovation ecosystem from SAP
ü Reduces complexity and the cost of adopting ü 29 of the 30 largest forest, paper, and ü Ability to build your own innovation capability
and running new capabilities and technologies packaging companies in the world run SAP and culture
solutions
ü 14 of the 20 largest cement companies in the
world run SAP solutions
SAP supports Mill Products companies in becoming intelligent enterprises –
providing integrated business applications that use intelligent technologies and can be extended on SAP Cloud Platform
to deliver breakthrough business value.
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 10SAP Vision to Value Approach
Align & Mobilize Discover & Build Case Show the Path Forward Deliver on the Promise
for Change
• Articulate business strategy and • Conduct stakeholder experience • Build roadmap based on identified • Customer success scorecard
outcomes discovery initiatives creation
• Set engagement direction and • Uncover pain points and • Demonstrate the solution with a • Value realization and optimization
expected results opportunity areas through focus on top value areas
experience and process discovery • Measure actual value from
• Align on scope, resource, and • Validate business case with investments in SAP
timeline • Learn the technology landscape stakeholder and sponsors
• Identify key initiates and develop • Arrive at Go / No Go decision
case for change
© 2021 SAP SE or an SAP affiliate company. All rights reserved. | CONFIDENTIAL 11Thank You
Follow us www.sap.comcontactsap SAP SE or an SAP affiliate company. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE or an SAP affiliate company. The information contained herein may be changed without prior notice. Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP SE or an SAP affiliate company for informational purposes only, without representation or warranty of any kind, and SAP or its affiliated companies shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP or SAP affiliate company products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. In particular, SAP SE or its affiliated companies have no obligation to pursue any course of business outlined in this document or any related presentation, or to develop or release any functionality mentioned therein. This document, or any related presentation, and SAP SE’s or its affiliated companies’ strategy and possible future developments, products, and/or platforms, directions, and functionality are all subject to change and may be changed by SAP SE or its affiliated companies at any time for any reason without notice. The information in this document is not a commitment, promise, or legal obligation to deliver any material, code, or functionality. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, and they should not be relied upon in making purchasing decisions. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. All other product and service names mentioned are the trademarks of their respective companies. See www.sap.com/copyright for additional trademark information and notices.
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