Supplier Relationship Management

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Supplier Relationship Management (SRM) Software from SAP
Supplier relationship management is a comprehensive approach to managing an enterprise 's interactions with the organizations that supply the goods and services it uses. The goal of supplier relationship management (srm) is to streamline and make more effective the processes between an enterprise and its suppliers just as customer relationship management (crm) is intended to streamline and make more effective the processes between an enterprise and its customers. Srm includes both business practices and software and is part of the information flow component of supply chain management (scm). Srm practices create a common frame of reference to enable
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Centralized Sourcing
SAP Supplier Relationship Management (SAP SRM) enables you to automate your sourcing processes and expand the role of procurement to the next level of added value in the complete purchasing cycle. The application provides visibility into the demand for sourceable goods and services from multiple back-end systems, aggregates spend and streamlines bidding processes, and enables collaboration with suppliers for faster and more efficient savings capture.
SAP SRM can help you optimize supplier evaluation, bidding events, and business planning by supporting centralized sourcing processes, including: * Supplier qualification – Identify and qualify new suppliers. With SAP SRM, you can perform ongoing evaluations and select preferred suppliers for particular products and categories. SAP SRM supports demand and market analysis, specification development, and approved-vendor list management. * Supplier negotiation – Assess suppliers and select the right supplier for a certain product or service. SAP SRM enables you to use auction and bidding techniques for event preparation, requests for quotation, and reverse auctions. * Bid evaluation and awarding – Conduct robust bid evaluation, including weighted score analysis. The application enables side-by-side comparison of bids to evaluate proposals based on price as well as delivery times, experience with the supplier, dependability, and ability to deliver
Centralized Contract
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