SAP Ariba Online Course - SAP Ariba Training Institutes in Hyderabad

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

2. Introduction SAP Aribais 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 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 www.visualpath.in Call: +91-7032290546

9. Conclusion Both SAP Ariba Contract Managementand 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 • Visit: www.visualpath.in www.visualpath.in Call: +91-7032290546