SAP Ariba
SAP Ariba is a cloud-based procurement solution that connects businesses with suppliers globally. It streamlines the procurement process, enhances supplier collaboration, and provides insights to drive strategic sourcing and spend management.
How Does SAP Ariba Work?
Procurement
The procurement module automates the purchasing process, from requisition to payment. It includes tools for catalog management, purchase order creation, and invoice processing, ensuring efficiency and compliance.
Supplier Management
SAP Ariba helps businesses manage supplier relationships through supplier performance monitoring, risk assessment, and collaboration tools. It enhances supplier onboarding, qualification, and performance tracking, ensuring reliable supply chains.
Sourcing
The sourcing module enables strategic sourcing by providing tools for bid management, auctioning, and contract management. It helps businesses identify the best suppliers, negotiate favorable terms, and achieve cost savings.