Procurement Focus: SAP Ariba - The Spend Management Network
SAP Ariba, the leading global Spend Management Network, enables companies to monitor spending and cut costs by allowing buyers and suppliers to collaborate together.
Having been acquired by SAP in 2012, Ariba became the world’s largest business software firm following the launch of its brand identity in 2016.
SAP Ariba is considered the place for companies to connect in order to get business done. More than $2.9trn in commerce is transacted annually on the Ariba Network, and SAP Ariba’s cloud-based solutions make it easy to collaborate and compete through its collaborative work on transactions, forming relationships as well as developing new business opportunities. More than 4.2 million companies in over 190 countries are connected on the Ariba Network to uncover new opportunities and work together on transactions with the view to further their relationships.
The Ariba Network is renowned as being a dynamic, digital marketplace where millions of buyers and suppliers exchange $2.9trn in business commerce every year. Buyers are set to manage the whole procurement process from source to settle whilst monitoring spending, watching for new sources of savings and establishing a healthy and ethical supply chain. The Ariba Network’s overall ambition is to enable buyers to accomplish and surpass their procurement transformation goals while increasing customer satisfaction, simplifying the sales cycle as well as enhancing cash flow.
SAP Ariba is open to all systems and a variety of types of goods and services; its unified name portrays to its customers the value of combining solutions for procurement and supply chain collaboration along with SAP’s expertise in enterprise application software and supply chain management. Its ambition is to enable its customers to become best-run businesses and enable the world to run better to improve people’s lives.
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5 minutes with: Ivalua’s Sundar Kamak
Who are you?
My name is Sundar Kamak, I’m Head of Manufacturing Solutions at Ivalua. I’ve been with the company for around two years now, and I’m responsible for our industry solutions and our pre-sales team. Before joining Ivalua I spent almost 20 years in the source-to-pay procurement space, working for a number of providers. But I got my career started in manufacturing and supply chain, specifically in automotive and aerospace.
And what is currently taking up the majority of your professional time?
The last year I've been focused in helping organisations put together a digital transformation strategy, especially manufacturing companies, so they can continue to address some of the challenges they face due to the COVID pandemic.
The traditional approach of engineers designing their latest product then procurement going off to source no longer works
What are the biggest challenges facing your corner of supply chain?
We have a lot of clients coming from different backgrounds - aerospace, high-tech, automotive - and they’re feeling the pressure and the crunch. There’s a lack of product, lack of material availability, lack of resources, labour shortages. So, I work with the leadership in these organisations, try to understand what problems they're looking to solve and come back with Ivalua solutions that can help them address some of these challenges.
Where do the biggest opportunities lie?
If we look at manufacturing, it all comes back to procurement and supply chain being involved sooner in the process. The traditional approach of engineers designing their latest product then procurement going off to source no longer works. It’s important to treat suppliers like partners, which means you build trust, so they can participate very early on in the product design and product development process. It’s not done consistently in the manufacturing sector, but it will be key.