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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.
Ariba was acquired by SAP in 2012. [5] Best-of breeds adopted open integration architectures to flexibly connect with a range of back-end systems. While the procurement software market remains divided between integrated and best-of-breed options, there is now greater focus on interoperability and joint go-to-market partnerships across vendors.
In February 2015, Coupa acquired the assets of ZenPurchase, an enterprise procurement software company, [14] as well as acquiring InvoiceSmash, an e-invoicing vendor, [15] and TripScanner, [16] an open booking vendor, in July. [17] On September 24, 2015, Ariba and Coupa settled their lawsuit.
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 ...
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.
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]
Procurement is one component of the broader concept of sourcing and acquisition. Typically procurement is viewed as more tactical in nature (the process of physically buying a product or service) and sourcing and acquisition are viewed as more strategic and encompassing. [citation needed] Multiple sourcing business models and acquisition models ...
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
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