Introduction:
Hand-in-hand with SAP Customer Relationship Management is that the SAP Supplier Relationship Management (SAP SRM) application, that automates, simplifies, and accelerates procure-to-pay processes for product and services. With SAP SRM businesses will decrease acquisition prices, increase cooperative supplier relationships, higher manage provide bases, and develop rock bottom line with innovative offerings and a quicker time to promote.
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SAP SRM Module |
SAP SRM permits key business processes, including:
Procure to get hold of performing the operational activities of procurement; Catalog management that permits corporations to take care of catalog information as master information in an exceedingly repository that's deeply integrated with the core application processes; Supplier collaboration to link suppliers to your purchasing processes through the supplier portal; and Supplier evaluation to handle your suppliers and reduce risk through supplier score-carding.
As with SAP CRM, with SAP SRM we recommend you work with certified consultants who can assist your company in tailoring your specific needs to the software to achieve advantages including sustainable cost savings for tight process integration, contract compliance for visibility into enterprise expenditures, and a competitive advantage giving 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.
SAP SRM (Supplier Relationship Management) is a SAP product that expedites the procurement of goods via a web-based platform. Companies can procure all type of products like direct and indirect material, services and this can be integrated with SAP ERP modules and other non-SAP back-end systems for accounting and planning. SAP SRM allows you to optimize your procurement process to work effectively with suppliers to get long term benefits and also to perform forecasting, procurement cycle and to work with partners. You can decrease the time span and cost of procurement cycle using innovative methods to manage business processes with key suppliers. SAP SRM supports the whole procurement cycle, i.e., starting from supply and obtains to pay through complete procurement methodology with suppliers and effectively managing supplier to make the long relationship. SAP SRM helps you to stay up supplier performance management and helps you to contour the procurement operations, place associate degree agreement with contracts and buying policies, and progress overall costs management and expenditure.
Key advantages and Functionalities
There are completely different advantages and key functionalities that you just will accomplish by exploitation SAP SRM product and by integration with alternative SAP ERP modules and non-SAP systems for planning and optimization.
Following are the key advantages of SAP SRM:
Catalog Management Suppliers will simply manage catalog information and this information will merely be integrated with business processes like finance, accounting, and planning.
Procure to Pay Optimization exploitation SAP SRP product, you'll be able to contour procure to pay lifecycle and develop communication with provider and cost management.
Self Service procurance End-users will search product exploitation multiple product catalogs and helps them to seek out and buy the merchandise that's compliant with the purchase and procurance policy of the corporate.
Reporting Functionality exploitation SAP Supplier Relationship Management, you will be ready to turn out reports related to acquisition activities, compliance and contract management, and managing price inside the acquisition methodology.
Contract Management you will be ready to management contracts exploitation the secure central repository. This helps to cut back compliance violations and permits end-users to follow business processes throughout self-service acquisition.
Technical Benefits of SAP SRM Following are the technical benefits of SAP SRM:
Live Auction Cockpit to perform real-time monitoring and bidding process in the procurement process.
SAP NetWeaver Business Intelligence to perform data warehousing, web-based reporting, and analytics
Easy transactions between SAP SRM and online transaction processing system OLTP.
SAP bidding engine to form quotations and to method them.
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