SAP – Supplier Relationship Management
SAP Supplier Relationship Management solution helps the businesses that are seeking to increase bottom-line cost savings delivered by sourcing and procurement functions. By focusing on procurement operations as profit centers, forward-looking companies are strengthening supplier relationships and making procurement a more strategic partner in the organization.
SAP Supplier Relationship Management solution is a strategy-oriented application. It can generate sustainable economies, ensure contract compliance and return on investment. Your company acquires the tools to achieve better results through the implementation of end-to-end procurement process. The expenditure analysis, procurement, operational contracts, purchase requests, billing and vendor management are all offered as part of an integrated offering.
Sustainable cost savings
SAP SRM enables tight process integration. As a result, companies are able to achieve a closed loop from source-to-pay. Aggregating spend in a single platform leads to optimized spend and supplier relationship management.
SAP SRM provides visibility into enterprise expenditures and enables the procurement organization to effectively demonstrate that spending activities, contracts, and supplier interactions adhere to corporate guidelines.
SAP SRM gives you the tools to partner with key suppliers to differentiate in your market, define your supplier management approach, and determine the key metrics that are used to determine supplier success.