You can use this business process to process all your requirements and optimize your source of supply for each individual item. You can identify saving opportunities and evaluate suppliers in their ability to provide materials and services at low cost, high quality, and according to schedule.

Once you have determined the best source of supply (e.g. via RFXs or auctions) for your requirements, you can collaborate in project teams both internally and with your suppliers, and establish on-going relationships based, for example, on contracts and global outline agreements.

You can use this business process to invite suppliers to submit bids in response to a bid invitation. Since negotiation is a critical step in the sourcing process, purchasing companies can use bid invitations to invite qualified suppliers to offer materials or services according to requirements. Typically, the supplier’s offer is final and binding and there is no opportunity for lowering bids. This makes bid invitations slightly less competitive than reverse auctions. This business process supports and streamlines bid invitation processes, enabling users to create bid invitations out of existing contracts and requisitions. It also provides the tools needed to quickly convert received bids into purchase orders or contracts. This accelerates the bid invitation process and vastly increases the productivity of purchasing professionals.

mySAP SRM offers a lean yet powerful tool within mySAP BI to consolidate and harmonize master data (vendors, products, product categories) for reporting purposes. This local master data alignment allows you to identify and group duplicate vendors or products coming from the various procurement systems. In the spend analysis reporting, such a group will appear only as one consolidated entry instead of multiple entries (that is, one for each original item). 

A huge variety of analyses are available, ranging from "Top Suppliers", "Number of suppliers per product category" to "Purchasing Volume per quarter" and many more.

Contract Analysis provides a range of analyses for sales contracts (both value and quantity) with detailed analytical information about current and closed sales contracts.