How does Ariba work?

Ariba is a cloud-based procurement platform that connects businesses, suppliers, and buyers to streamline and automate the procurement process. Ariba provides a centralized marketplace where companies can find, negotiate, and purchase goods and services from a global network of suppliers. The platform offers various modules and features such as supplier discovery, sourcing, procurement, and invoice management. When using Ariba, businesses can search for suppliers based on their specific needs and requirements, send requests for quotes, receive bids, and negotiate contracts online. The platform also facilitates collaboration between buyers and suppliers, allowing seamless communication throughout the procurement process. Ariba leverages advanced technologies like artificial intelligence and machine learning to enhance supplier discovery and optimize purchasing decisions. Overall, Ariba simplifies and digitizes the entire procurement cycle, improving efficiency, reducing costs, and enabling businesses to build stronger relationships with their suppliers.