Supplier Relationship Management Multimedia

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Dec 3, 2009

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Business of Information Technology > Business Processes > Procurement > Purchasing > Supplier Management >
Supplier Relationship Management
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 Multimedia (View All Report Types)
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Enabling Total Spend Analysis in the Enterprise sponsored by TIBCO Spotfire Division WEBCAST: Hear TIBCO Spotfire's John Callan discuss how you can perform total spend analysis, drive supplier consolidation, identify maverick spend in a user-friendly, visual analysis environment and address a range of KPI's. Posted: 17 Nov 2009 \| Premiered: 17 Nov 2009 TOPICS: Business Logistics \| Compliance (Finance) \| Financial Management \| Inventory Management \| Payment Processing \| Purchase Order Management \| Purchase Orders \| Sales Order Management \| Sarbanes-Oxley Act of 2002 \| Spend Management \| Supplier Management \| Supply Chain Management

Podcast: Enabling Total Spend Analysis in the Enterprise sponsored by TIBCO Spotfire Division PODCAST: Hear TIBCO Spotfire's John Callan discuss how you can perform total spend analysis, drive supplier consolidation, identify maverick spend in a user-friendly, visual analysis environment and address a range of KPI's. Posted: 17 Nov 2009 \| Premiered: 17 Nov 2009 TOPICS: Business Logistics \| Compliance (Finance) \| Financial Management \| Inventory Management \| Payment Processing \| Purchase Order Management \| Purchase Orders \| Sales Order Management \| Sarbanes-Oxley Act of 2002 \| Spend Management \| Supplier Management \| Supply Chain Management

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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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