Suppliers and buyers all across the world may connect and do business easily. Thanks to SAP Ariba, a software company that offers cloud-based procurement, spend management, and supply chain services. SAP Ariba’s technology was developed to aid businesses in improving their supplier negotiations and budget management.
Benefits of Using SAP Ariba Products
To the tune of $4.3 billion, SAP paid to acquire Ariba in May of 2012. When SAP acquired Ariba in 2016, it rebranded as SAP Ariba, albeit the company itself was formed in 1996. Since then, SAP Ariba has expanded the features of its supply chain management services to better aid businesses in sourcing and procuring materials, analyzing spending, and managing suppliers. One can take sap ariba training to learn.
Guided Buying, Supplier Management, Supplier Risk, Direct Materials Sourcing, Supply Chain Finance, Cloud Integration Gateway, and Extension Studio are all examples of 2017 innovations made by SAP Ariba that aim to streamline the procurement process, incorporate it with other business processes, and provide real-time visibility into the supply chain.
Supplier Risk, one of these capabilities, has been a key point for SAP Ariba since it enables businesses to evaluate supplier risk across multiple dimensions. The company advocates for a more responsible supplier risk assessment so that businesses can “procure with a purpose,” or use their purchasing power for social benefit by, say, shedding light on forced child labor in the supply chain. Customers of SAP Ariba seem receptive to such messaging. One can also go for sap ariba classes.
An Overview of the Ariba Alliance
In addition to their standalone availability, several of these SAP Ariba capabilities form the backbone of the Ariba Network, a cloud-based, B2B marketplace powered by SAP HANA, where buyers and suppliers can connect and transact business.
More than three million buyers and sellers had used the platform as of March 2018, and it had processed over one and a half trillion dollars’ worth of transactions. The Ariba Network is similar to online marketplaces like eBay and Amazon in that it serves both vendors and buyers.
For vendors, the platform streamlines the process of managing product catalogs, bids, purchases, and bills, while for purchasers, it simplifies the search for suppliers, negotiation of discounts, procurement of items, and monitoring of expenditures. However, the Ariba Network includes extra capabilities to help with RFQs, RFPs, RFOs, compliance, and other business concerns, setting it apart from consumer marketplaces. Review of Material
Every company, no matter how big or little, relies on a steady flow of goods from its suppliers. SAP has made available, at no cost, a limited version of its Ariba Sourcing platform via the SAP Ariba Start Sourcing program (certain limitations apply). The Ariba Network is the largest commercial network in the world, connecting over 4 million buyers and sellers globally, and SAP Ariba Start Sourcing is a free, intuitive, web-based RFx management solution that enables users to organize, execute, and manage sourcing events on the Ariba Network.
This training will teach you how to implement the SAP Ariba Start Sourcing solution. Learn the ins and outs of SAP Ariba Strategic Sourcing with the help of this beginner’s guide, which includes detailed instructions on how to “upgrade” to the system. After a brief overview of SAP Ariba Start Sourcing, the course moves on to the fundamentals of using the system, such as initiating, tracking, and completing sourcing events. The training concludes with a variety of solution demonstrations and hand-picked insights into the latest highlights of SAP Ariba Sourcing.
SAP Ariba Start Sourcing is a powerful tool, and the starter kit training is the ideal companion to help you maximize its potential. Although there are no self-assessments or online discussion boards in this course, successful completion will award you a Record of Achievement and Digital Badge.