Empowering Intelligent Procurement Globally for AGCO
AGCO Corporation is a global leader in the design, manufacture, and distribution of agricultural solutions and delivers high-tech solutions for farmers feeding the world through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger, Fendt, GSI, Massey Ferguson, and Valtra, supported by Fuse smart farming solutions. Founded in 1990, AGCO has since grown significantly and achieved net sales of US$9.4 billion in 2018.
Through its AGCO Production System (APS) initiative, a product development process called the AGCO Major Product Introduction Procedure (AMPIP), and a lean, sustainable working culture, AGCO is becoming an intelligent enterprise. It is positioned to deliver the products and services that matter most to today’s farms – and to deliver them in a way that makes the most sense and provides the most opportunities for the future.
Chief of Enterprise Architecture and Applications, AGCO Corporation
AGCO builds products to service the world’s agricultural community and sources components from more than 3,000 suppliers around the world. Regionally distinct and disconnected solutions made it impossible for AGCO’s purchasing personnel to budget, manage, and execute procurement optimally.
AGCO’s vision was to increase global data transparency with a new, cloud-based application that can integrate data from both the purchasing and finance functions.
- Role-based access to purchasing and finance services through a single portal with SAP Fiori® launchpad
- Master data for commodities, suppliers, and parts
- End-to-end approval workflow for managing price changes from parts suppliers, with automated updates to the SAP ERP applications, third-party and non-SAP systems
- Supplier budgeting, forecasting, and global spend management
- Savings project tracking
More than 400 purchasing and finance professionals – working around the globe now rely on an integrated global solution to manage AGCO’s spend, savings, and budgeting. Personnel gains end-to-end visibility into purchasing operations with a single portal through which they can manage global supplier interactions.