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SRM Software


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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.
 
Rubberstamp logo
 
Rubberstamp is a standalone, web-based Procurement system. It aims to help automate the entire procurement process for businesses in many different verticals, from pharmaceuticals to electronics to office supplies. It is compatible... Read More
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Rubberstamp is a standalone, web-based Procurement system. It aims to help automate the entire procurement process for businesses in many different verticals, from pharmaceuticals to electronics to office supplies. It is compatible... Read More
 
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.
 
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.
 
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.

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Lead Commerce logo
 
Lead Commerce is a full-featured, flexible, and customizable order management solution that offers a powerful suite of applications like Inventory Management, Merchandise Planning, and Customer Relationship Management. The solution... Read More
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Lead Commerce is a full-featured, flexible, and customizable order management solution that offers a powerful suite of applications like Inventory Management, Merchandise Planning, and Customer Relationship Management. The solution... Read More
 
TPSynergy logo
 
TPSynergy is a Web-based supply chain management (SCM) solution that offers users a suite of applications to that can help companies of many sizes and types manage their supply chain from beginning to end. Integrated supply chain planning,... Read More
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TPSynergy is a Web-based supply chain management (SCM) solution that offers users a suite of applications to that can help companies of many sizes and types manage their supply chain from beginning to end. Integrated supply chain planning,... Read More
 
QStrat QLM Sourcing logo
 
Scalable and compatible with many popular ERPs, QStrat QLM Sourcing assists with supplier relationship management with its automated reminder system and customizable RFQ formats.
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Scalable and compatible with many popular ERPs, QStrat QLM Sourcing assists with supplier relationship management with its automated reminder system and customizable RFQ formats.
 
Apprise logo
 
Apprise offers organizations an enterprise resource management (ERP) and supply chain management solution developed for consumer goods manufacturers, importers and distributors. It is suitable for companies operating internationally... Read More
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Apprise offers organizations an enterprise resource management (ERP) and supply chain management solution developed for consumer goods manufacturers, importers and distributors. It is suitable for companies operating internationally... 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

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ProcureWare logo
 
eBid eXchange is a web-based vendor management system and e-procurement platform. It is ideal for a wide variety of industries, including automotive, pharmaceuticals and biotech.
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eBid eXchange is a web-based vendor management system and e-procurement platform. It is ideal for a wide variety of industries, including automotive, pharmaceuticals and biotech.
 
Snapfulfil logo
 
Buyers looking for a warehousing system with advanced supplier management functionality should evaluate Snapfulfil, the WMS solution from Synergy North America. Includes billing automation and standardization.
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Buyers looking for a warehousing system with advanced supplier management functionality should evaluate Snapfulfil, the WMS solution from Synergy North America. Includes billing automation and standardization.
 
Gatekeeper logo
 
Gatekeeper is a cloud-based vendor and contact management solution. Key features include automated alerts, customization and collaboration tools and integrations with other software.   Users can manage contracts and vendor information,... Read More
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Gatekeeper is a cloud-based vendor and contact management solution. Key features include automated alerts, customization and collaboration tools and integrations with other software.   Users can manage contracts and vendor information,... Read More
 
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
 
Asentex Contract Management logo
 
Asentex Contract Management provides a cloud-based and on-premise solution for organizations of various sizes including departments within large enterprises. This software is a fit for an extensive range of industries, which include... Read More
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Asentex Contract Management provides a cloud-based and on-premise solution for organizations of various sizes including departments within large enterprises. This software is a fit for an extensive range of industries, which include... Read More

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FlexRFP logo
 
In addition to its core e-sourcing functionality, FlexRFP offers optional contract and supplier management modules. Web-based application that is Mac and Windows compliant. Can integrate with existing MRP/ERP solutions.
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In addition to its core e-sourcing functionality, FlexRFP offers optional contract and supplier management modules. Web-based application that is Mac and Windows compliant. Can integrate with existing MRP/ERP solutions.
 
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
 
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.
 
UltraShipTMS logo
 
UltraShipTMS is a web-based Transportation Management System platform with integrated private fleet management capabilities for in- and out-bound logistics across all modes and has been on the market since 2001. The core TMS module... Read More
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UltraShipTMS is a web-based Transportation Management System platform with integrated private fleet management capabilities for in- and out-bound logistics across all modes and has been on the market since 2001. The core TMS module... Read More
 
S2K Warehouse Management Software logo
 
Within its warehouse software, S2K offers the functionality to create a dynamic relationship with suppliers so that both parties are aware of performance metrics. Great at identifying at-risk suppliers and helping fix the issues.
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Within its warehouse software, S2K offers the functionality to create a dynamic relationship with suppliers so that both parties are aware of performance metrics. Great at identifying at-risk suppliers and helping fix the issues.
 

Buyer's Guide

by Daniel Harris,
Market Research Associate
Last Updated: April 18, 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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