In this research paper focus is also given towards the economic aspects of the business by illustrating the potential savings in various parts of a process such as Sourcing/Contracting, Procuring, Invoice & Paying and Order processing. This is where SAP Ariba, being the most comprehensive suite solution for buyer and Supplier Digital Collaboration comes handy. As defined by “The Balance” magazine “Vendor management is not about constantly negotiating with the vendors to get lower prices but constantly working together to arrive at solutions that will benefit both companies”. It is important to build a strong relationship with the suppliers and service providers which in turn will strength the strengthen the business process. Ariba provides the buyer as well as supplier a wide range of solutions this paper structured to draw attention or particularly focus towards the Supplier/Vendor management solution that Ariba has to offer. See How to manually train the supplier recommendation machine learning model and How to configure automatic training of the supplier recommendation machine learning model.SAP’s Ariba is a strategic product which helps in the integration of Procurement & Vendor/Supplier collaboration.
See How to access Intelligent Configuration Manager workspace. In the intelligent configuration manager for SAP Ariba solutions, set the parameter Supplier recommendations in guided sourcing events (.Enabled) to Yes. To get recommendations based on supplier qualification level, your site needs to have both SAP Ariba Sourcing and one of the products mentioned in the previous sentence. Supplier recommendations work for sites both with and without SAP Ariba Supplier Lifecycle and Performance or SAP Ariba Supplier Information and Performance Management (new architecture). You must be the event owner or have project owner capabilities for the event. Your site must have guided sourcing enabled and you must be a member of the Category Buyer group.
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