How can your company maintain supply chain continuity in the current market situation? Meet Ariba Network and SAP Ariba Discovery
Global supply chains, which in recent years have become a key element of the organizations’ work, are currently being tested for their flexibility. Economic difficulties caused by the COVID-19 pandemic are forcing companies to transform. Almost all industry or service sectors have been affected by restrictions triggered by the spread of coronavirus.
One of the possibilities to improve the functioning of supply chains is to use online tools. Ariba Network is a place connecting suppliers and customers from any device, at any time. Connecting your company to the largest commercial network will allow for quick information flow, improved cooperation, and an effortless search for new solutions.
Growing business relationships in times of working remotely
Ariba Network enables communication related to purchasing processes. Offers, contracts, orders, invoices and payments – all of these can be handled by this global network, which saves your company both time and money.
By joining Ariba Network, you gain access to the largest B2B market in the world. The advantages of this solution are clear for both parties involved in the transaction. As a buyer, you can find and contact suppliers using the Ariba Network database, as well as place an offer request. As a supplier, you can find new customers by replying to RFPs or RFIs published by buyers. In addition, Ariba Network enables more efficient collaboration, negotiation, order, and payment control.
SAP supports entrepreneurs by facilitating remote business management
Currently, SAP Ariba Discovery is a particularly interesting solution. It plays the role of a virtual marketplace, where buyers announce their current supply needs, and suppliers can respond to them immediately. Access to SAP Ariba Discovery has always been free for buyers. Now SAP decided to support enterprises in combating the effects of a pandemic by offering free access to these functionalities for suppliers. The offer is valid until June 30 this year.
Thanks to the enterprises’ support, many more companies have the chance to stabilize their supply chains in this difficult time. Each supplier can register and respond to offers at no cost. This solution will increase the number of available sources of supply for organizations. Also, buyers themselves can search the supplier base for new contacts responding to their current needs.
At this moment, the Ariba Network is made up of 4 million suppliers from over 190 countries. Transactions carried out through this platform represent an annual turnover of 3,200 billion dollars. It is very likely that, due to market turmoil, the desire to mitigate risk in the supply chain will increase these numbers.
- On 20/04/2020