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Ariba (now SAP Ariba) was founded in 1996 [4] by Bobby Lent, Boris Putanec, Paul Touw, Rob Desantis, Ed Kinsey, Paul Hegarty, and Keith Krach [5] on the idea of using the Internet to enable companies to facilitate and improve the procurement process, which was paper-based, labor-intensive, and inefficient for large corporations.
E-procurement (electronic procurement, sometimes also known as supplier exchange) is a collective term used to refer to a range of technologies which can be used to automate the internal and external processes associated with procurement, strategic sourcing and purchasing.
For business auctions, the term refers to a specific type of auction process (also called e-auction, sourcing event, e-sourcing or eRA, eRFP, e-RFO, e-procurement, B2B Auction). Open procurement processes, which are a form of reverse auction, have been commonly used in government procurement and in the private sector in many countries for many ...
SAP Business Suite is a fully integrated, modular set of solutions that connect and optimize every function across a business. It integrates AI, data, and applications into one unified system, creating a continuous cycle of value that drives business transformation.
Late 1999 Avner Schneur founded Emptoris with a goal to transform the strategic sourcing. When acquired by IBM, Emptoris was a developer and provider of strategic supply and contract management software including applications for spend analysis, sourcing, contract management, supplier lifecycle management, services procurement, compliance management and telecom expense management.
Quadrem is a procurement support organization in the mining industry.It is an eMarketplace project launched in 2000 to support the purchasing process the mining industry. . Quadrem is one of the few remaining eMarketplace projects still active, most likely because of its global approach and strong support by participating busin
Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, from specification to receipt, payment for goods and services [1] to sourcing production lines where the labor market would increase firms' ROI. [2]
eRFx software is a subset of eSourcing software (software that helps buyers to source suppliers), which is in turn a subset of E-procurement software. Common features [ edit ]