In the future, the company will accumulate reasons for selecting suppliers and transaction data in the system to strengthen data-driven analysis for forecasting management and optimal supplier selection. Honda plans to embrace the standard features of Oracle Cloud Procurement, organized by purchase request, quotation request, price determination, ordering, and payment.

We will continue to promote efforts to optimize our overall procurement operations.” “We also appreciate that it is a SaaS application that enables us to comprehensively analyze spending of combined data from group companies, is always updated with the latest technology, and can be used in remote and paperless environments. “By utilizing Oracle Cloud Procurement, we aim to improve the efficiency of our indirect material operations, optimize costs and shift to higher value-added operations,” says Nobuyuki Hattori, General Project Manager, Interdepartmental Projects, Honda Motor Co., Ltd. As part of these efforts, Honda has decided to reform its procurement operations for indirect materials in Japan to optimize costs and improve operational efficiency within its group companies. In line with Honda’s 2030 Vision to serve people worldwide with the joy of expanding their life’s potential, Honda is engaging in new business areas while solidifying its existing businesses, which form its foundation.

This will enable better planning for future procurement strategies and increase agility to respond to changing external factors and minimize additional costs. Standardizing on Oracle’s cloud procurement system enables Honda to adopt the latest best practices, and centrally analyze data for the efficient use of corporate resources.

Previously, each company managed its own procurement systems and processes. Honda and its group companies are adopting Oracle Fusion Cloud Procurement, part of Oracle Cloud ERP, to consolidate purchasing of indirect materials for their operations in Japan. Oracle Corporation Japan announced that it is helping Honda Motor improve the efficiency of its procurement for operations in Japan with Oracle Fusion Cloud Enterprise Resource Planning (ERP), optimizing the procurement cost of indirect materials.

Coupa procurement system