![]() ![]() You will also see a difference between two terms – sourcing and strategic sourcing. You will have to factor in the total sourcing cost, including the price for creating contracts, time factors, and transportations, not just the direct purchase cost. However, if you consider long-term prospects, you will have to consider many additional factors where the concept of sustainable savings comes into play. But can the lowest price always guarantee you the highest savings for your business? For a very short-term, it might. Ariba was the first business-to-business (B2B) corporation to offer initial public offerings (IPO) in 1999.In a traditional sense, many of us often look at sourcing with a narrower view: finding a supplier and negotiating to secure the lowest possible price. The groundbreaking cloud-based system was first created in 1996 by Ariba, which was eventually acquired by SAP in 2012 for a total price of 4.3 billion USD ($45 per share).Suppliers must have access to every stage of the procurement process in order to maintain an effective supply chain and assist enterprises in expanding their own businesses. In the modern world, it is essential to maintain control over your supply chain and work effectively with your suppliers. ![]() Your supply chain, procurement, and contract management processes are digitally transformed by SAP Ariba. ![]() Ariba serves as a global supply chain and procurement solution. By offering less expensive methods of procurement and streamlining operations, it improves an organization's overall vendor management system. With the help of SAP Ariba, suppliers and buyers can interact and conduct business on a single platform. ![]()
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