SOFTWARE FOR FULLY INTEGRATED SOURCE-TO-PAY
Supplier
Relationship Management (SAP
SRM) is a comprehensive
approach to managing an
enterprise's interactions
with organizations that
supply the goods and
services it utilizes. The
goal of SRM is to streamline
and improve the processes
between an enterprise and
its suppliers, just as CRM
is intended to streamline
and improve 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
creates a common frame of
reference which enables
effective communication
between and enterprise and
its suppliers who may
utilize vastly different
business practices and
terminology. As a result,
SRM increases the efficiency
of processes associated with
acquisition of goods and
services, inventory
management and materials
processing.
SAP SRM automates, simplifies, and accelerates procure-to-pay processes for goods and services. With SAP SRM, you can reduce procurement costs, build collaborative supplier relationships, better manage supply bases, and improve your bottom line with innovative offerings and a faster time to market.
For additional information please contact Team Jason Roberts. |