ARIBA is a business-to-business (B2B) e-commerce platform and provider of procurement software solutions. The term "ARIBA" is often used to refer to its main product, the ARIBA Network, which is a cloud-based procurement marketplace that connects buyers and suppliers from around the world. The platform allows companies to conduct their purchasing activities electronically, automating various processes such as sourcing, contract management, supplier management, and invoice processing.
ARIBA provides a wide range of software solutions designed to streamline and optimize procurement processes. It allows buyers to create and manage requests for proposals (RFPs), invite suppliers to bid, negotiate contracts, and track supplier performance. Suppliers, on the other hand, can use ARIBA to showcase their products and services, respond to RFPs, communicate with buyers, and manage their overall relationship with customers.
By leveraging the ARIBA Network, businesses can efficiently manage their supply chains, reduce costs, improve procurement efficiency, and achieve greater visibility and control over their purchasing activities. The platform also aims to enhance collaboration between buyers and suppliers, promoting better relationships and fostering innovation.
In summary, ARIBA is a B2B e-commerce platform and provider of procurement software solutions that enables organizations to connect and oversee their purchasing activities through the ARIBA Network. Its aim is to streamline procurement processes, bring transparency and efficiency to supply chains, and facilitate collaboration between buyers and suppliers.
