5/17/2023 0 Comments Ariba procurement systemPurchasing the right components used to be as simple as finding them, but now it is more important to cultivate long-lasting business relationships while optimizing the logistics of procurement. In the current business environment, procurement plays an important role in improving margins and enhancing a companies competitiveness. In order to enable a healthy supply chain, suppliers must have visibility into every step of the procurement process in order to maintain a well-functioning supply chain and contribute to the growth of an organization. Today's world demands an effective supply chain management and collaborative approach between companies and their suppliers. Ariba is used as a global procurement and supply chain management service and revolutionizes your supply chain, procurement, and contract management processes.Īriba first developed the innovative cloud-based solution in 1996, which later got acquired by SAP in 2012 at a total cost of 4.3 billion USD with each share costing $45. By providing more cost-effective ways to manage procurement and making business simpler, it improves the overall vendor management system of an organization. SAP Ariba is a cloud-based innovative solution that connects suppliers and buyers on a single platform and allows them to do business together.
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