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SRM Software


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Infoplus logo
 
Infoplus is an inventory management solution for small to midsize organizations in industries including consumer goods, electronics, food and beverage, retail, pharmaceuticals and more. The system is offered primarily as a web-based... Read More
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Infoplus is an inventory management solution for small to midsize organizations in industries including consumer goods, electronics, food and beverage, retail, pharmaceuticals and more. The system is offered primarily as a web-based... Read More
 
WISE logo
 
Key performance indicators are easy to manage thanks to Royal 4’s intuitive interface. Users can feel comfortable knowing their suppliers are performing up to standards thanks to inventory levels that are always updated.
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Key performance indicators are easy to manage thanks to Royal 4’s intuitive interface. Users can feel comfortable knowing their suppliers are performing up to standards thanks to inventory levels that are always updated.
 
3PL Warehouse Manager by 3PL Central logo
 
3PL Central provides supplier management functionality within its warehouse management product. In addition to SRM features, the web-based system also offers integration with leading logistics companies such as FedEx and UPS.
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3PL Central provides supplier management functionality within its warehouse management product. In addition to SRM features, the web-based system also offers integration with leading logistics companies such as FedEx and UPS.
 
SAP - SCM logo
 
Collaboration is a large point of focus within SAP’s supply chain software. Users can manage relationships and decrease barriers with suppliers, as well as increase the speed at which products are delivered.
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Collaboration is a large point of focus within SAP’s supply chain software. Users can manage relationships and decrease barriers with suppliers, as well as increase the speed at which products are delivered.
 
Fishbowl Inventory logo
 
We recommend Fishbowl Inventory to anyone looking for a best-of-breed supplier management system that easily integrates with buyers' existing QuickBooks accounting software. This system is deployed on-premise with full support.
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We recommend Fishbowl Inventory to anyone looking for a best-of-breed supplier management system that easily integrates with buyers' existing QuickBooks accounting software. This system is deployed on-premise with full support.

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Slingshot Enterprise Business Suite logo
 
Slingshot Enterprise Business Suite offers a full set of supply chain management applications, including supplier relationship management (SRM). The system is available as an on-premise or cloud (i.e. web-based) solution.
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Slingshot Enterprise Business Suite offers a full set of supply chain management applications, including supplier relationship management (SRM). The system is available as an on-premise or cloud (i.e. web-based) solution.
 
Kenandy Cloud ERP logo
 
Kenandy is a comprehensive cloud-based ERP solution created for companies that design, manufacture, or distribute products. It helps businesses manage core processes including order-to-cash, planning and production, procurement, TPM,... Read More
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Kenandy is a comprehensive cloud-based ERP solution created for companies that design, manufacture, or distribute products. It helps businesses manage core processes including order-to-cash, planning and production, procurement, TPM,... Read More
 
Coupa Cloud Spend Management logo
 
The dashboard platform in Coupa Spend Management helps executives to take a look at key performance indicators across the entire corporation to decide which departments and suppliers are performing well, and which can improve.
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The dashboard platform in Coupa Spend Management helps executives to take a look at key performance indicators across the entire corporation to decide which departments and suppliers are performing well, and which can improve.
 
Infor Supply Chain Management logo
 
Infor Supply Chain Management is a powerful tool designed to help organizations optimize their supply chain from end-to-end. With analytics at its core, Infor SCM helps you gain greater visibility into every facet of your supply... Read More
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Infor Supply Chain Management is a powerful tool designed to help organizations optimize their supply chain from end-to-end. With analytics at its core, Infor SCM helps you gain greater visibility into every facet of your supply... Read More
 
ShippersEdge logo
 
We recommend ShippersEdge to logistics professionals looking to improve their supplier relations. Users can gain greater visibility into shipping activities with this application's extensive reporting capabilities.
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We recommend ShippersEdge to logistics professionals looking to improve their supplier relations. Users can gain greater visibility into shipping activities with this application's extensive reporting capabilities.

Call us for a free FastStart Consultation: +64 4 488 7035


 
BravoAdvantage logo
 
BravoAdvantage is a procurement platform provided by BravoSolution, a global provider serving over 600 companies and 100,000 procurement professionals in 70+ countries. BravoAdvantage integrates upstream and downstream procurement... Read More
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BravoAdvantage is a procurement platform provided by BravoSolution, a global provider serving over 600 companies and 100,000 procurement professionals in 70+ countries. BravoAdvantage integrates upstream and downstream procurement... Read More
 
Transwide TMS logo
 
Transwide is a modular and carrier neutral Transportation Management Solution that is delivered in a Software as a Service format. The suite of integrated modules provides the tools for carriers to source, plan, execute, settle, and... Read More
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Transwide is a modular and carrier neutral Transportation Management Solution that is delivered in a Software as a Service format. The suite of integrated modules provides the tools for carriers to source, plan, execute, settle, and... Read More
 
Contract Insight Contract Management logo
 
Contract Insight is a contract lifecycle management solution developed by CobbleStone Systems. It system can be deployed either on the customer’s premises (with perpetual licensing) or in the cloud (with monthly subscription licensing). In... Read More
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Contract Insight is a contract lifecycle management solution developed by CobbleStone Systems. It system can be deployed either on the customer’s premises (with perpetual licensing) or in the cloud (with monthly subscription licensing). In... Read More
 
Verian by Basware Procurement logo
 
Verian by Basware Procurement Software helps companies buy and pay for goods and services in a simplified, paperless, and cost efficient way. The solution allows companies to see everything that’s being ordered, purchased, and received, automate... Read More
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Verian by Basware Procurement Software helps companies buy and pay for goods and services in a simplified, paperless, and cost efficient way. The solution allows companies to see everything that’s being ordered, purchased, and received, automate... Read More
 
Conga Novatus Contract Management logo
 
The browser-based Novatus CLM application can help users manage the entire contract process, from initial creation to final negotiations and approval. Offers customizable templates and automated alert reminders.
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The browser-based Novatus CLM application can help users manage the entire contract process, from initial creation to final negotiations and approval. Offers customizable templates and automated alert reminders.

Call us for a free FastStart Consultation: +64 4 488 7035


 
Procurify logo
 
Procurify offers a complete end-to-end procurement solution. The system provides a host of features for every step in the process--from request to final approvals. This includes managing your most important supplier relationships.
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Procurify offers a complete end-to-end procurement solution. The system provides a host of features for every step in the process--from request to final approvals. This includes managing your most important supplier relationships.
 
Red Rock Warehouse Manager logo
 
Created specifically to enable 3PL providers to manage the unique challenges that face them every day, 3PL Warehouse Manager gives users the ability to manage multiple customers, processes and billing schedules. The system enables... Read More
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Created specifically to enable 3PL providers to manage the unique challenges that face them every day, 3PL Warehouse Manager gives users the ability to manage multiple customers, processes and billing schedules. The system enables... Read More
 
SMART by GEP logo
 
SMART by GEP is a unified procurement solution that offers spend analysis, savings tracking, strategic sourcing, contract management, supplier management and procure-to-pay order processing in a single cloud-based, mobile-enabled... Read More
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SMART by GEP is a unified procurement solution that offers spend analysis, savings tracking, strategic sourcing, contract management, supplier management and procure-to-pay order processing in a single cloud-based, mobile-enabled... Read More
 
Oracle SCM Cloud logo
 
Oracle SCM Cloud offers a full suite of applications for companies to manage their supply chain, distribution, manufacturing, inventory management, and fleet.  Using product development, users can create a detailed bill of material... Read More
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Oracle SCM Cloud offers a full suite of applications for companies to manage their supply chain, distribution, manufacturing, inventory management, and fleet.  Using product development, users can create a detailed bill of material... Read More
 
POOL4TOOL logo
 
POOL4TOOL is a robust Supply Chain Management system that streamlines the movement of information between clients and suppliers, smoothing all processes from purchase orders to inventory management. The creators of POOL4TOOL pride... Read More
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POOL4TOOL is a robust Supply Chain Management system that streamlines the movement of information between clients and suppliers, smoothing all processes from purchase orders to inventory management. The creators of POOL4TOOL pride... Read More
 

Buyer's Guide

by Lisa Hedges,
Content Analyst
Last Updated: July 20, 2017


Here's what we'll cover:

What Is Supplier Relationship Management (SRM) Software?
Common Features of SRM Software
Evaluating SRM Software

What Is Supplier Relationship Management (SRM) Software?

A contract between a supplier and its customer goes through many stages through its lifecycle. In order to remain competitive, organizations have to take special care in maintaining efficient and cost-effective partnerships with their partners. The only way to be certain that suppliers are holding up their end of the bargain is to consistently evaluate their performance, a difficult task made easier by SRM software. SRM systems help users keep suppliers on their toes by monitoring their operations and revealing poor performance.

Common Features of SRM Software

Like customer relationship management (CRM) software, SRM is designed to manage relationships from initial contact and throughout ongoing purchasing cycles. However, since you’re managing supplier information, rather than customer information, the data has markedly different focus, including material databases, ratings and more.

Specific SRM features include:

Performance assessments SRM programs will allow the user to utilize key performance indicators (KPI) to perform quality assessments and a thorough awareness of deviations.
Risk assessments Scorecards enable supplier segmentation by user-defined risk variables, helping determine which partners present the least risk in the most important areas.
Centralized sourcing & collaboration SRMs use a centralized information database to streamline bidding, consolidate and distribute contracts, track compliance and improve collaboration.
Regulation compliance High-quality SRMs use rules engines and compliance scorecards to reduce the burden and improve the success of compliance protocols.

Evaluating SRM Software

Global economic trends have had a direct affect on the SRM software market. Over the last few years, more organizations have turned to SRM software to establish new ways to reduce spending and limit risk. In order to maximize supplier performance and get the most out of their spending, organizations are using SRM systems to build informed reports that will give them the advantage during contract evaluation and renegotiation. Meanwhile, the necessity of international relationships has stretched supply chains across the world, and many SRM vendors have improved the functionality of their system to keep up with this trend.

The process of evaluating and mitigating risk has to be more thorough than ever. By assisting users with escalation scenarios and other risk analyses, SRM systems will help users deal with the unforeseen problems of global trade. When selecting your SRM software, ask the following questions:

  • Is your organization looking for an on-premise, client/server deployment, or are you interested in the capabilities offered by web-based or cloud deployments?
  • Will the system allow you to compare supplier performances using your own set of weighted variables?
  • Does the system offer the necessary functionality to meet the unique needs of your organization? For example, can it monitor supplier compliance for the specific regulations that your industry deals with?
  • Will the system’s capabilities support your existing corporate frameworks for managing supplier relationships?

Free Download:
Ten Steps Guide to Selecting the Right SCM Software

 

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