![]() ![]() Purchasing 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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