Market Overview

People's Government of Ganzhou Nankang Builds Up Furniture Industry in China with SAP Ariba

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Companies within largest furniture industrial park in China to use
digital network and cloud-based apps to drive simple, efficient process
for managing procurement from end to end

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:

  • Gain a clear view into all spending
  • Drive a simple, compliant purchasing processes
  • Quickly and easily onboard suppliers
  • Negotiate optimal agreements with suppliers
  • Drive greater contract compliance
  • Improve demand and supply planning
  • Identify and minimize risk in the supply chain
  • Simplify and speed reporting

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.

About SAP
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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