Supplier Relationship Management
Faced with the business demand for sustained profitability, companies of all sizes are looking to procurement to gain the bottom-line advantage of managing supplier spend. In addition to the ever-present objective of cost management, procurement groups must also focus on improving transparency and compliance, developing a qualified supply base, and engaging more strategically with suppliers.
The SAP Supplier Relationship Management application (SAP SRM) provides strategic value through sustainable cost savings, contract compliance, and quick time-to-value. Companies are equipped with tools to drive superior results through an end-to-end source-to-pay process. Activities such as spend analysis, category management, requisitioning, sourcing, operational contracts, invoicing, and supplier management are part of an integrated platform.
SAP SRM helps organizations optimize procurement operations with an integrated, scalable platform and business user interface that enables the full source-to-pay process.