A Detailed Comparison of SAP Ariba, SRM, and MM Course

Shivali Sharma | Updated on 25 Jul, 2023 | Learn CAD/CAM with Industry Experts | Top Online Courses | 4295

Course overview

SAP Ariba is a cloud-based innovative solution that allows businesses to connect with right business partners and manage their procurement activities more efficiently. SAP Ariba is widely recognized for its ability to streamline the procurement process, facilitate compliance, and enhance supply chain visibility. Its solutions integrate with ERP and back-office systems, providing a robust, end-to-end solution for organizations of all sizes across diverse industries.

Therefore, in an age characterized by rapid technological evolution, businesses need software solutions that can help streamline procurement processes, making them more efficient and effective. SAP Ariba, a cloud-based solution, is a leader in this area, delivering powerful capabilities for strategic sourcing, procurement, supplier management, and supply chain collaboration. This is why SAP Ariba training has become a much-sought-after skill in the corporate world. One such premier institution offering comprehensive training in this arena is the Multisoft Virtual Academy.

Multisoft Virtual Academy provides a structured and flexible learning approach to the SAP Ariba curriculum. The training is designed to equip learners with a clear understanding of the key features and benefits of SAP Ariba trainig course and its applications in real-world business scenarios.

Benefits of SAP Ariba

Strategic Sourcing: SAP Ariba helps in identifying new opportunities, creating sourcing events, and awarding contracts, enabling businesses to secure the best value from their procurement processes.
Procure-to-Pay Efficiency: It offers a systematic, automated procure-to-pay solution that enables businesses to efficiently order, track, and pay for goods and services, resulting in cost savings, reduced errors, and improved cycle times.
Contract Management: SAP Ariba offers robust contract management capabilities, allowing businesses to create, execute, and manage contracts in a single, centralized repository. This ensures that contracts are adhered to and maximizes their value.
Supplier Management: SAP Ariba provides an integrated platform for managing supplier information, lifecycle, performance, and risk, promoting strong and mutually beneficial relationships with suppliers.
Supply Chain Collaboration: SAP Ariba improves supply chain collaboration by allowing real-time information sharing between businesses and their suppliers. This leads to better inventory management, reduced stock-outs, and minimized excess inventory.
Spend Analysis: SAP Ariba provides advanced analytics tools to analyze spend data and gain actionable insights. This enables businesses to identify saving opportunities, improve compliance, and make data-driven procurement decisions.
Compliance and Risk Management: SAP Ariba ensures adherence to procurement policies and procedures, reducing maverick spend. It also helps businesses identify and mitigate supplier risks early.
Integration with ERP Systems: SAP Ariba seamlessly integrates with existing ERP systems, thus, offering a unified platform to manage all procurement processes.

Comparison between SAP Ariba vs SAP SRM vs SAP MM

	SAP Ariba	SAP SRM	SAP MM
Primary Focus	Cloud-based procurement, strategic sourcing, and supply chain collaboration	Supplier relationship management, strategic sourcing, procurement	Material and inventory management, part of SAP ERP
Deployment	Cloud	On-premise, with some cloud functionality	On-premise, part of SAP ERP
Network	Has a global supplier network, connecting millions of suppliers and buyers worldwide	Limited supplier network compared to Ariba	No specific supplier network
Procurement Process	Covers the complete procurement lifecycle, from sourcing to payment	Covers procurement lifecycle, but not as extensively as Ariba	Covers the procurement process as part of broader material management
Strategic Sourcing	Strong strategic sourcing capabilities with sourcing and auction tools	Includes sourcing capabilities but not as comprehensive as Ariba	Limited to basic purchasing functionality
Contract Management	Strong contract lifecycle management features	Includes contract management but not as comprehensive as Ariba	Basic contract management
Analytics	Advanced analytics for spend analysis and supplier performance	Limited analytics capabilities	Basic reporting and analytics as part of the wider ERP
Supplier Management	Comprehensive supplier information, performance, and risk management	Focused on supplier relationship management	Basic supplier data management
Integration	Integrates with existing ERP systems including SAP	Integration with SAP ERP	Fully integrated with SAP ERP system as it's a module of it

Features available in the SAP Ariba solution

Below is the list of features that are available in the SAP Ariba system:

Supply chain collaboration
Spend analysis
Procurement
Spend analysis
Invoice Management
Supplier discovery
Ariba exchange
Contract management

Similarities

SAP Ariba, SRM, and MM, while distinct in their functionalities, share several common elements due to their focus on procurement and supply chain operations. Below are some of the primary similarities:

Procurement Focus: All three solutions are designed to optimize and streamline the procurement process. They automate tasks associated with the procurement lifecycle, from creating purchase orders to invoicing.
Vendor Management: Each system provides tools for managing relationships with vendors or suppliers. These tools may vary in their sophistication and functionality, but the core purpose remains the same.
Integration with SAP Ecosystem: SAP Ariba, SRM, and MM are all designed to integrate seamlessly with other SAP products, ensuring smooth data flow and operational continuity across the entire SAP ecosystem.
Contract Management: While the sophistication of the contract management features varies between the systems, each one includes tools to manage procurement contracts to some degree.
Spend Management: All three platforms include capabilities for tracking and managing organizational spend. These capabilities allow organizations to control costs, identify savings opportunities, and improve budgeting and forecasting accuracy.
Automation: SAP Ariba, SRM, and MM all leverage automation to simplify and streamline procurement tasks. This can help reduce manual errors, improve process efficiency, and free up time for strategic decision-making.
Compliance: All three solutions provide tools to enforce procurement policies and regulations, thus helping ensure compliance.

Advantages and Disadvantages

	Advantages	Disadvantages
SAP Ariba	1. Cloud-based solution offering global reach through the Ariba Network. 2. Comprehensive procurement solution covering sourcing, contract management, supplier lifecycle management, and more. 3. Advanced analytics for spend analysis and supplier performance. 4. Integration with other ERP systems, including SAP.	1. Can be more expensive due to its comprehensive capabilities and cloud-based nature. 2. Requires adequate training to fully utilize its extensive features. 3. May be more complex to set up and configure due to its range of functionalities.
SAP SRM	1. Focused on supplier relationship management, providing strong tools for vendor collaboration. 2. Streamlines procurement with automated procure-to-pay processes. 3. Offers self-service procurement to empower employees.	1. Less comprehensive and robust compared to SAP Ariba, particularly in terms of analytics and supplier network. 2. The on premise nature may limit accessibility and real-time collaboration compared to cloud solutions. 3. As SRM is being phased out by SAP, long-term support may be a concern.
SAP MM	1. Part of the SAP ERP system, offering seamless integration with other SAP modules. 2. Focused on material and inventory management, crucial for manufacturing and product-focused businesses. 3. Supports core procurement processes including purchasing, invoice verification, and contract management.	1. Limited in its strategic sourcing and supplier lifecycle management capabilities compared to Ariba. 2. Lacks a global supplier network like the one offered by Ariba. 3. Can be complex to implement and requires thorough SAP knowledge and training.

Conclusion

SAP Ariba online training from Multisoft Virtual Academy is an opportunity to gain cutting-edge skills in the procurement and supply chain sector. With its industry-focused course structure, expert faculty, flexible learning environment, and post-training support, the Academy provides a robust platform for aspiring SAP Ariba professionals.

Whether you aim to advance your career, shift your profession, or enhance your business, this training is an investment that guarantees value and professional growth. By leveraging SAP Ariba course, businesses can achieve operational excellence, reduce costs, increase transparency, and gain a competitive edge in today's dynamic business environment.

Furthermore, the rise in adoption of SAP Ariba has led to a surge in demand for SAP Ariba professionals, making SAP Ariba certification a valuable credential in the job market.

Course FAQ’s

Q1: Who should take these courses?

Professionals working in procurement, supply chain, or inventory management might find these courses useful. Additionally, business analysts, project managers, and consultants who wish to understand these modules better might also benefit.

Q2: Do I need any prerequisites to take these courses?

It helps to have a basic understanding of procurement processes and enterprise resource planning systems.

Q3: What is the difference between these three modules?

While there's overlap, each module has its strengths. Ariba offers a comprehensive cloud-based solution for procurement. SRM focuses more on relationships with suppliers. MM is all about managing materials and inventory in the business.

Q4: Do I get a certificate at the end of these courses?

Multisoft Virtual Academy offer a certificate after completion of the course.

Q5: Can I take these courses online?

Given the rise of online learning, Multisoft Virtual Academy offer these courses in an online format.

Training Schedule

Start Date	End Date	No. of Hrs	Time (IST)	Day
23 Nov 2024	15 Dec 2024	24	06:00 PM - 09:00 PM	Sat, Sun	Enroll Now
24 Nov 2024	16 Dec 2024	24	06:00 PM - 09:00 PM	Sat, Sun	Enroll Now
30 Nov 2024	22 Dec 2024	24	06:00 PM - 09:00 PM	Sat, Sun	Enroll Now
01 Dec 2024	23 Dec 2024	24	06:00 PM - 09:00 PM	Sat, Sun	Enroll Now
Schedule does not suit you, Schedule Now! \| Want to take one-on-one training, Enquiry Now!

About the Author

Shivali Sharma

Shivali is a Senior Content Creator at Multisoft Virtual Academy, where she writes about various technologies, such as ERP, Cyber Security, Splunk, Tensorflow, Selenium, and CEH. With her extensive knowledge and experience in different fields, she is able to provide valuable insights and information to her readers. Shivali is passionate about researching technology and startups, and she is always eager to learn and share her findings with others. You can connect with Shivali through LinkedIn and Twitter to stay updated with her latest articles and to engage in professional discussions.

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A Detailed Comparison of SAP Ariba, SRM, and MM Course

Course overview

Benefits of SAP Ariba

Comparison between SAP Ariba vs SAP SRM vs SAP MM

Features available in the SAP Ariba solution

Similarities

Advantages and Disadvantages

Conclusion

Course FAQ’s

Training Schedule

About the Author

Shivali Sharma

Enquire Now

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A Detailed Comparison of SAP Ariba, SRM, and MM Course

Course overview

Benefits of SAP Ariba

Comparison between SAP Ariba vs SAP SRM vs SAP MM

Features available in the SAP Ariba solution

Similarities

Advantages and Disadvantages

Conclusion

Course FAQ’s

Training Schedule

About the Author

Shivali Sharma

Enquire Now

Tranding Now

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