SAP Ariba: inside the Ariba Network
Through its Ariba Network, the largest digital business-to-business network worldwide, c...
SAP Ariba is the world’s leader in global spend management.
Through its Ariba Network, the largest digital business-to-business network worldwide, collaboration is streamlined as buyers and suppliers work together on transactions, strengthening their relationships and unlocking new business opportunities together. In a bid to expand the value the firm delivers to its customers, SAP Ariba and Swisscom has this week announced a partnership to connect the Ariba Network and Switzerland’s leading procurement platform, Conextrade, together.
“We are opening the Ariba Network to well-established geographic and industry-specific networks that are preferred for their unique capabilities with regulations, protocols and formats,” said Sean Thompson, senior vice president, Business Network and Ecosystem, SAP Ariba and SAP Fieldglass. “With this move, we are taking a leading step forward to create a network of networks that delivers even greater value to our customers.”
The partnership signifies intent. The connection between the networks will allow suppliers to reach new buyers while keeping procurement operations in an established and preferred, but now connected, system. While at the same time, buyers will be granted access to new suppliers through connection to Conextrade by expanding the Ariba Network.
SAP Ariba is providing its customers with access to trade with companies on industry-specific business networks and in different geographies as well as additional integration capabilities and industry-specific protocols and formats. Connecting over 4.4mn companies in 190 countries, the Ariba Network provides companies with a single, centralized place to identify opportunities, find innovative solutions and securely share information and close deals. 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 with over $2.9trn in commerce is transacted annually on the Ariba Network.
Did you know?
SAP Ariba ranked in first place in Supply Chain Digital’s Top 10 software companies in October.
For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine.
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.