Multi-Level Contract Enablement in SAP

 


Fashion Businesses need agility in their supply chains to strike a balance between long procurement lead times, short sales window, quick changing consumer demand, and assuring firm purchasing commitments to vendors to meet the demands of today’s consumer that expects fast adoption of trends, always available inventory and low prices. Further, this delicate balance is highly vulnerable to the supply chain disruptions observed recently. Striking this balance has become even more challenging now, especially with Fast Fashion where we are typically seeing many seasons within the year and not just the usual spring, summer, fall, and winter. 

Businesses are thus tasked with optimizing their procurement practices to make it possible for companies to become more accurate in forecasting and to manage their vendor relationships better, whilst ensuring they get the products delivered to meet customer demands on time.

The Multi-Level Contract Enablement solution from SAP makes this a reality. It enables fashion businesses to engage vendors sooner in the procurement cycle by drawing high-level contracts with generic details, without getting into the nitty-gritty of the exact order details. As time progresses, merchants can give in-depth specifics of their requirements and flesh out the contract in more detail. Businesses can thus start detailing their procurement closer to their sales seasons, without worrying about delays or causing vendor frustrations.

Let’s dive a little deeper and understand the sequence of steps involved in a fashion season.

Read more https://www.applexus.com/blogs/sap-multi-level-contract-enablement-solution-for-fashion-business

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