SRM overview

[Former Member]

Dear All,,

Can anybody help me by giving me a picture of SRM in simple way ? I gone thro' few threads & documents and couldn't understand well. Even appropriate links also will help.

Thanks

CB

[Former Member]

Hi Channabasappa,

As an overview, 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.

SAP SRM enables key business processes, including:

Procure to pay u2013 Execute the operational activities of procurement, including self-service, plan-driven, and services procurement. With SAP SRM, you can integrate catalog-based requisitioning with your traditional procure-to-pay process and gain the benefits of e-procurement without losing your back-end enterprise resource planning processes.

Catalog management u2013 Manage catalog data as master data in a repository that is deeply integrated with the core application processes.

Centralized sourcing u2013 Gain visibility into the demand for goods and services from multiple back-end systems, aggregate spend and streamline bidding processes, and collaborate with suppliers for faster and more efficient savings capture. SAP SRM can help you tap into new value through better business planning, improved supplier qualification, and more efficient supplier negotiation.

Centralized contract management u2013 Consolidate contract information across multiple systems and regions, distribute contract usage, ensure optimal contract selection and pricing, and track compliance and savings realization.

Supplier collaboration u2013 Link suppliers to your purchasing processes through the supplier portal. With SAP SRM, you can choose the optimal interaction channel for numerous business processes and documents and collaborate more effectively with suppliers in supplier-facing processes.

Supplier evaluation u2013 Manage your suppliers and reduce risk through supplier scorecarding.

Hope this will help you to get an overview about the SRM.

Edited by: Shyjith K on Dec 20, 2010 1:35 PM