Saptac :Benefits of SAP supplier relationship management(SRM)

Supplier relationship management is a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. With the SAP Supplier Relationship Management solution by SAPTAC, a firm becomes well positioned to improve its procurement process and streamline the purchase of goods and services.

SAP supplier relationship management (SRM) is used with enterprise resource planning (ERP), product life-cycle management (PLM) and supply chain management (SCM) applications to ensure an effective implementation of cross-application business processes.

Several other advantages of using this module are mentioned below:
·The SAP SRM applications ensure an effective implementation of cross application business processes. Organizations using SAP SRM empower end users to keep track of their orders using real-time status checking.

·Overall reduction in requisitioning, order processing, and supply-management cycle time are a direct result of the streamlined procure-to-pay processes within SAP SRM.

·SAP SRM replaces manual procurement processes with a streamlined requisitioning and approval process. Delays caused by lengthy manual approvals are replaced by faster electronic workflows and online status displays. Enable the supply base to collaborate and work more efficiently

·It has replaced paper approvals with online approvals, reducing the processing time drastically. It also provides greater visibility and awareness with an electronic audit trail.

·Online supplier catalogs in SAP SRM ensure that users can quickly search for goods and services. This greatly reduces the need for intervention by purchasing professionals for negotiated goods and services ordered from these catalogs.

‘Saptac’ has been successfully imparting training for SRM module of SAP which contributes towards gaining long-term benefits from the supplier relationships. Being one of the best SAP training institutes in Bangalore, we believe in catering to the growing need for SAP education among professionals.