Finding software can be overwhelming. We've helped thousands of businesses choose the right supplier relationship management software so they can track KPIs on suppliers and assess risks.
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Fishbowl is a hybrid manufacturing and warehouse management solution designed for small and midsize companies. Key features include inventory control, material requirements planning (MRP), job shop floor control, work order management,... Read more
Platforms: MacWinLinux
Deployments: CloudOn premise
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3PL warehouse manager is a cloud-based warehouse management system designed for third-party logistics companies to manage multiple customers, processes and billing schedules. The system enables access to real-time information and provides... Read more
Platforms: MacWinLinux
Deployments: Cloud
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Rose Rocket’s transportation management software (TMS) platform helps companies improve communications with systems, customers and the people who move freight. Its open platform makes it easy to connect to the software that runs... Read more
Platforms: MacWinLinux
Deployments: Cloud
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Da Vinci is Wolin Design Group’s cloud-based or on-premise supply chain management (SCM) solution designed specifically for small and midsize 3PLs, internet retailers and wholesale businesses with demanding warehouse, fulfillment... Read more
Platforms: MacWinLinux
Deployments: CloudOn premise
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WISE by Royal 4 Systems is a rules-based warehouse management (WMS) system that is able to support a number of industries, including 3PL, automotive, food and beverage and industrial machinery. WISE helps users manage core warehouse... Read more
Platforms: MacWinLinux
Deployments: CloudOn premise
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Spendwise is a cloud-based system that helps businesses and other organizations track, manage and control spending. Users can create purchase orders, submit them for approval, approve or reject them, and email them directly to vendors.... Read more
Platforms: MacWinLinux
Deployments: Cloud
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Contract Insight Contract Management
CobbleStone Software provides enterprise CLM software that has been selected by thousands of contract and procurement professionals spanning the globe. CobbleStone’s proprietary software, Contract Insight, is fully configurable,... Read more
Platforms: MacWinLinux
Deployments: CloudOn premise
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Conga Contracts is a hybrid contract lifecycle management (CLM) solution that helps organizations to generate, track, maintain and report on different business contracts. The solution can either be deployed on-premise or hosted in... Read more
Platforms: MacWinLinux
Deployments: CloudOn premise
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Shipedge is a cloud-based warehouse management solution for small, midsize and large enterprises. It caters to e-commerce warehouses, fulfillment service providers, third-party logistics companies (3PL/4PL), omni/multi-channel retailers,... Read more
Platforms: MacWinLinux
Deployments: Cloud
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Omnna is a cloud-based ERP that allows businesses of all sizes to manage processes for the supply chain lifecycle, point of sale, warehousing, customer relationship management and more. Omnna's complete B2B and B2C warehouse management... Read more
Platforms: MacWinLinux
Deployments: Cloud
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Procurify is a cloud-based procurement solution that helps businesses track, control and manage spend. Businesses can centralize all purchasing information, while enabling team members to do their own purchasing. This real-time solution... Read more
Platforms: MacWinLinux
Deployments: Cloud
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Bellwether Purchasing Software is an on-premise and cloud-based purchasing and inventory management solution. Primary features include requisitions, approval routing, purchase order management, receiving, invoice matching, inventory... Read more
Platforms: MacWinLinux
Deployments: CloudOn premise
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Lead Commerce is an integrated order management suite that offers applications like inventory management, merchandise planning, and customer relationship management. The solution helps small and midsize businesses streamline and automate... Read more
Platforms: MacWinLinux
Deployments: Cloud
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Coupa Business Spend Management
The Coupa Business Spend Management (BSM) platform helps companies around the world gain visibility and control over all spend to increase operational efficiency, reduce third-party and financial risk, and improve the bottom line.... Read more
Platforms: MacWinLinux
Deployments: Cloud
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NetSuite is a business management software suite offered as a service that performs enterprise resource planning (ERP) and customer relationship management (CRM) functions. It is a horizontal package designed for an extensive range... Read more
Platforms: MacWinLinux
Deployments: Cloud
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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
Platforms: MacWinLinux
Deployments: Cloud
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Fraxion provides complete spend management solutions for purchase requisitioning, expense management, procurement and spend analysis. Fraxion’s true cloud solution is as feature-rich as it is intuitive - don’t compromise on functionality... Read more
Platforms: MacWinLinux
Deployments: CloudOn premise
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Kechie, a SaaS platform suited for businesses with $1M+ in revenue, was developed to manage goods and services from the point of origin to consumption. Seamlessly manage vendors, bids, purchase orders, work orders, and transfer orders... Read more
Platforms: MacWinLinux
Deployments: Cloud
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Geneva Business Management Systems (GBMS)
Relationship management is no longer a chore thanks to GMBS’ easy-to-use interface. The ability to access data from GMBS on either a personal computer or a configured handheld device allows any user to track supplier efficiency. Read more
Platforms: Win
Deployments: CloudOn premise
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Paramount WorkPlace is a procurement management solution that can be hosted either in the cloud or on-premise. The solution serves midsize and large businesses across industry verticals such as health care, entertainment, technology... Read more
Platforms: MacWinLinux
Deployments: CloudOn premise
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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. Users looking for a system with more robust features might be interested in vendor management systems.
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?