SAP has introduced SAP Ariba Category Management solution, which features generative AI to help procurement professionals build comprehensive and effective category strategies faster. This capability will help jump-start the market analysis process and offer a suggested category strategy for procurement professionals to refine and execute,
The solution is designed to simplify creation of category spend profiles. It enables users to create comprehensive category 360 profiles, and to create logical and manageable product and service categories using a purchasing category taxonomy for mapping to existing classifications. It can provide instant views into category spend and suppliers based on classified and enriched data.
SAP Ariba Category Management uses built-in analysis to identify, create and monitor opportunities for category-specific goals. Users can get system-recommended opportunities based on supplier fragmentation, impact, price variances, tail spend and supplier diversity.