Digital Procurement on Systems Applications and Products (SAP) Cloud Solutions
Sai Sravya Yarramalli, Ramankitha Sri Manasa Ponnam, Ganga Rama Koteswara Rao, Sk. Fathimabi, Paparao Madasu · 2020 Second International Conference on Inventive Research in Computing Applications (ICIRCA) · 2020
The number of businesses has exploded over the past few decades. This increased competition in the market between different products. The final price of the product is what distinguishes it from all its competitors. To cut down the final costs a business needs to optimize its internal processes. Procurement is the obtaining of goods to create value for spend. Traditional procurement is a haphazard process when done manually. Digitalizing the procurement process can exponentially optimize the process by increasing spend visibility. But the problem arises when choosing from among the hundreds of procurement tools available in the market. The objective of this paper is to spot out why SAP Ariba is the best choice for the problem of procurement. SAP Ariba is a cloud-based solution. Cloud solutions like Ariba provide a low risk of data loss, redundancy, and older data. This paper concentrates on the working of SAP Ariba operational and strategic procurement tools, its differentiating factors, and its advantages.