Uploaded on Jun 14, 2025
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SAP Ariba Online Course - SAP Ariba Training Institutes in Hyderabad
Diifference Between SAP Ariiba Contract Management & SAP Ariiba Sourciing Key Features and Functions www.visualpath.in Call: +91-7032290546 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 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 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 Key Differences in Purpose Feature Contract Management Sourcing Manage contracts Manage sourcing events Primary Objective throughout their lifecycle and supplier selection Compliance, contract Supplier selection, Focus execution, and negotiations, and bids performance www.visualpath.in Call: +91-7032290546 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 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 Benefits Comparison Benefits Contract Management Sourcing Automates contract creation Streamlines supplier Efficiency and approval processes selection and bidding Ensures compliance and Optimizes supplier selection Risk Management mitigates risks and cost Provides insights into Provides data on supplier Visibility contract terms and status performance www.visualpath.in Call: +91-7032290546 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 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: [email protected] www.visualpath.in Call: +91-7032290546 Thank You Visit: www.visualpath.in www.visualpath.in Call: +91-7032290546
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