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Supplier Relationship Management

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ALSO CALLED: Sourcing, Strategic Sourcing, SRM, e-Sourcing
DEFINITION: Supplier relationship management is a comprehensive approach to managing an enterprise's interactions with the organizations that supply the goods and services it uses. The goal of supplier relationship management (SRM) is to streamline and make more effective the processes between an enterprise and its suppliers just as customer relationship management (CRM) is intended to streamline and make more  … 
Definition continues below.
Supplier Relationship Management IT Downloads (View All Report Types)
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Discrete Manufacturing Essential Solutions
sponsored by Infor
SOFTWARE DEMO: Today's professionals in the manufacturing industry need information to be directly accessible and visible in order to achieve sustainable growth. Watch this demo to learn how your company can benefit from Infor Discrete Manufacturing Essentials Suite and see just how easy and convenient this suite of solutions can be for your organization.
Posted: 10 Aug 2009 | Published: 10 Aug 2009


EnterpriseIQ -- Beyond traditional Manufacturing ERP
sponsored by IQMS
TRIAL SOFTWARE: EnterpriseIQ goes beyond traditional ERP software systems by providing a real-time foundation for collaborative and ebusiness environments. From ensuring efficient and timely delivery of products to meeting the dynamic needs of customers and suppliers, IQMS brings it all together, seamlessly.
Posted: 05 Jan 2009 | Published: 05 Jan 2009


Infor - ERP LX
sponsored by Infor
SOFTWARE DEMO: Infor ERP LX, the next version ERP BPCS, is a scalable, comprehensive, flexible and integrated ERP solution for mixed-mode and process manufacturers operating in an IBM System i environment. The solution improves the efficiency of core business processes.
Posted: 04 Sep 2008 | Published: 04 Sep 2008


Infor - ERP SyteLine
sponsored by Infor
SOFTWARE DEMO: Infor ERP SyteLine spans the business of manufacturing to align supply with demand and support the business and operational challenges of manufacturers. Download this demo to get a better understanding of how this software can benefit your company.
Posted: 04 Sep 2008 | Published: 04 Sep 2008


Infor - ERP VISUAL
sponsored by Infor
SOFTWARE DEMO: Infor ERP VISUAL combines affordability and deep functionality, and is ideal for high growth, mixed-mode manufacturers who need a modular solution. Learn why more than 4,000 businesses trust Infor ERP VISUAL to run their operations.
Posted: 04 Sep 2008 | Published: 04 Sep 2008

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SUPPLIER RELATIONSHIP MANAGEMENT DEFINITION (continued): …  effective the processes between an enterprise and its customers. SRM includes both business practices and software and is part of the information flow component of supply chain management (SCM). SRM practices create a common frame of reference to enable effective communication between an enterprise and suppliers who may use quite different business practices and terminology. As a result, SRM increases the efficiency of processes associated with acquiring goods and services, managing inventory, and processing materials. According to proponents, the use of SRM software can lead to lower production … 
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