For them the chosen technology has to provide the answers to their procurement needs while being affordable and scalable. They might not have the luxury of hiring top notch talent with skills for strategic sourcing and category management and most technology solutions might not align with their business size and budget. But how affordable is the solution to mid-market and growing companies looking for a strategic sourcing solution is a question here. Today, the mid-market is full of emerging industry players and rapidly growing start-ups that need procurement technology and processes to help scale and manage their growth. So, in this blog, we bring to you a list of alternatives to SAP Ariba which are worth considering and allows organizations to leverage strategic sourcing at a more affordable cost.Įssentially, mid-market companies are at a significant disadvantage when compared to larger corporations, when it comes to sourcing and procurement function with challenges across two main areas – Resources and Technology. When you think of an end-to-end procurement solution, the only name that comes to your mind is probably SAP Ariba. So, what are the best strategic sourcing solutions for small to mid-sized businesses today? Strategic Sourcing empowers businesses to find answers to these questions and develop optimal strategies for procuring goods and services – be it direct or indirect. However, to become a strategic driver of business initiatives, procurement needs the right technological capabilities that would allow them to harness their optimum potential and provide answers to questions like: “What am I buying?”, “From whom am I buying?”, “How much am I spending?”, and so on. That’s why organizations need to switch from ERP procurement modules and tactical purchasing automation solutions to Strategic procurement solutions. Organizations today understand the potential areas where procurement can make an impact and bring value to the table. The role of procurement department in organizations has been growing significantly over the past few years from being transactional to a more strategic function.
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