SAP Ariba Online Course - SAP Ariba Training Institutes in Hyderabad

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• SAP Ariba Online Training

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1. Difference Between SAP Ariba Contract Management & SAP Ariba Sourcing Key Features and Functions www.visualpath.in Call: +91-7032290546

2. Introduction SAP Ariba is a comprehensive procurement and supply chain management suite. It offers two key modules for sourcing and contract management: SAP Ariba Contract Management SAP Ariba Sourcing Both modules help businesses streamline procurement processes, but they serve distinct functions in the procurement lifecycle. www.visualpath.in Call: +91-7032290546

3. SAP Ariba Contract Management Purpose: Streamlines the creation, negotiation, and execution of contracts. Ensures compliance, reduces risks, and tracks contract performance. Key Features: Contract lifecycle management Document management Clause library Contract authoring and negotiation Workflow automation www.visualpath.in Call: +91-7032290546

4. SAP Ariba Sourcing Purpose: Helps organizations efficiently manage their sourcing processes. Facilitates the identification, selection, and negotiation with suppliers. Key Features: Supplier discovery RFX (Request for Quote, Information, etc.) management. Auction support Sourcing optimization Supplier performance management www.visualpath.in Call: +91-7032290546

5. Key Differences in Purpose Feature Contract Management Sourcing Manage contracts throughout their lifecycle Manage sourcing events and supplier selection Primary Objective Compliance, contract execution, and performance Supplier selection, negotiations, and bids Focus www.visualpath.in Call: +91-7032290546

6. Contract Lifecycle vs. Sourcing Events Contract Management: Focuses on the lifecycle of contracts, from creation to renewal or expiry. Sourcing: Focuses on managing the sourcing events like RFQs, RFPs, and auctions to secure the best suppliers. www.visualpath.in Call: +91-7032290546

7. Integration with Procurement Process Contract Management: Ensures that once a supplier is selected, the contract terms are well-defined, reducing disputes and enhancing compliance. Sourcing: Helps in identifying the best suppliers by conducting sourcing events and obtaining the best pricing or terms. www.visualpath.in Call: +91-7032290546

8. Benefits Comparison Benefits Contract Management Sourcing Automates contract creation and approval processes Streamlines supplier selection and bidding Efficiency Ensures compliance and mitigates risks Optimizes supplier selection and cost Risk Management Provides insights into contract terms and status Provides data on supplier performance Visibility www.visualpath.in Call: +91-7032290546

9. Conclusion Both SAP Ariba Contract Management and SAP Ariba Sourcing are critical in enhancing procurement efficiency. Contract Management focuses on contract lifecycle and compliance. Sourcing facilitates supplier selection and negotiation. Using them together helps businesses optimize their entire procurement process. www.visualpath.in Call: +91-7032290546

10. For More Information About SAP Ariba Address:- Flat no: 205, 2nd Floor, Nilgiri Block, Aditya Enclave, Ameerpet, Hyderabad-16 Ph. No: +91-998997107 Visit: www.visualpath.in E-Mail: online@visualpath.in www.visualpath.in Call: +91-7032290546

11. Thank You Thank You Visit: www.visualpath.in www.visualpath.in Call: +91-7032290546