Purpose

• • SAP SRM is an enterprise solution designed to manage relationships with suppliers, ensuring efficient procurement processes, supplier collaboration, and cost control. It is integrated with SAP ERP and other SAP modules to provide a comprehensive view of supplier performance.

Key Features:

• Supplier Performance Management: Allows organizations to track supplier performance based on criteria such as delivery time, quality, and cost.
• Supplier Portal: A self-service portal for suppliers to manage their profiles, receive orders, and submit invoices.
• Procurement Process Automation: Automates the creation, tracking, and management of procurement transactions.
• Contract Management: Ensures that all supplier contracts are captured, tracked, and monitored.
• Collaborative Sourcing: Facilitates collaboration between procurement teams and suppliers during the sourcing process.

Benefits:

• Strengthens supplier relationships by providing them with the tools to collaborate more effectively.
• Improves visibility into supplier performance, ensuring that businesses can select and retain the best suppliers.
• Reduces procurement cycle times and improves compliance with procurement policies.