In today’s procurement and supply chain environment, the sheer volume of product transactions, wide logistical networks, changing contract structures, and industry regulations make procurement and financial supply chain management one of the most complex segments for cost management. Forward-thinking businesses have been increasingly realizing the wide scope for cost containment in logistics and the far-reaching benefits of effective supplier relationship management in overcoming business challenges such as:
- Ineffective working capital management
- High open, internal costs and last-minute spends
- Frequent budget overruns
- Uncontrolled procurement and accounts payable costs
- Substantial savings leakage
- Wide gap between buyer and supplier and lack of trust and reliability
SAP Ariba – Digital procurement, supply chain, and business networking solutions for the modern enterprise.
SAP Ariba provides comprehensive solutions to automate and simplify procurement, fulfilment and financial supply chain management. As the industry leader in spend management, Ariba provides a smart, simplified, and complete approach to the source-to-settle cycle. With an integrated platform/software, Ariba is the global leading presence in procurement, invoicing and supplier/buyer networking domains.