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SRM Overview
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SAP SUPPLIER RELATIONSHIP MANAGEMENT
The SAP Supplier Relationship Management (SAP SRM) application 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.
Part of the SAP Business Suite family of business applications, SAP SRM delivers an integrated offering for automating goods and services procure-to-pay processes and extending the value delivered by SAP Business Suite. To see exactly how SAP SRM can add value to your company.
Processes
SRM-Business Scenarios• Operational Procurement - Self-Service Procurement • Operational Procurement - Service Procurement • Plan-Driven Procurement - Material Order Fulfilment • Plan-Driven Procurement - Service Order Fulfillment • Procurement Catalog • Strategic Sourcing - Contract Management • Strategic Sourcing - Global Spend • Strategic Sourcing - Supplier Self-Registration • Strategic Sourcing with Bid Invitation • Strategic Sourcing with Live Auction
SAP Supplier Relationship ManagementBusiness Benefits
• SAP SRM provides companies with the tools to drive superior results through an end-to-end procurement process. Activities such as spend analysis, category management, requisitioning, sourcing, contract life-cycle management, invoicing, and supplier management, are part of an integrated platform.
• SAP SRM enables your organization to achieve the following business benefits:• 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.
• Contract compliance – 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.
• Competitive advantage – 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.