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WISE

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 wa...Read more about WISE

4.4 (20 reviews)

2 recommendations

Warehouse Management System

Geneva Systems offers both an on-premises installation or a hosted installation for full access via the Internet. Multi-Language support allows users to switch between languages on the fly for their international business activiti...Read more about Warehouse Management System

5.0 (3 reviews)

3 recommendations

Jesta Vision Suite

Jesta I.S. is a leading developer and provider of integrated cloud software solutions for small-midsize emerging retailers and large legacy retailers migrating to the cloud. Jesta specializes in branded goods, fashion, apparel, fo...Read more about Jesta Vision Suite

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S2K Warehouse Management

VAI’s S2K Mobile Warehouse applications are designed to make transaction processing in your warehouse lighter, easier, and faster. By leveraging the enhanced touch screen display on the mobile device, data can be presented in a cl...Read more about S2K Warehouse Management

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Slingshot Enterprise Business Suite

The Slingshot Enterprise Business Suite is a web-based enterprise resource planning (ERP) software suite designed to serve mid-sized to large businesses. The system serves retail, distribution, manufacturing, financial services, p...Read more about Slingshot Enterprise Business Suite

4.3 (3 reviews)

ProcureWare

ProcureWare by eBid Systems is a cloud-based platform that provides a suite of tools to manage supplier relationships. The solution supports the creation of a supplier self-registration process that allows access to a searchable s...Read more about ProcureWare

Fishbowl

Fishbowl is the #1 manufacturing and warehouse inventory management software! Its powerful inventory control system gives your small or midsize business the exact tools needed to transform your inventory management and scale your ...Read more about Fishbowl

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Aravo

Aravo is an industry leader that enables global brands to accelerate their third-party risk management programs to respond to business disruptions, meet sustainability goals, and comply with regulations. Aravo’s platform and its b...Read more about Aravo

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Coupa

Point solutions are pointless: spend smarter with the leading spend management platform built for companies like you. The Coupa platform allows you to take control of your spend and position your business for resilience and growth...Read more about Coupa

4.1 (88 reviews)

2 recommendations

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ShippersEdge TMS

ShippersEdge is a cloud-based transportation management solution that manages shipping logistics. It helps users manage shipments, submit claims and handle multiple carriers. ShippersEdge helps companies save time and control...Read more about ShippersEdge TMS

5.0 (3 reviews)

7 recommendations

Basware

Basware Procurement Software is a cloud-based system that helps companies buy and pay for goods and services in a paperless way. The solution allows companies to see everything that is being ordered, purchased, and received. It au...Read more about Basware

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Nulogy

The Nulogy Shop Floor Solution, as part of the Nulogy Multi-Enterprise Supply Chain Business Network Platform, digitizes the production floors of co-packers, contract manufacturers, value-adding 3PL operators, and raw and packagin...Read more about Nulogy

4.5 (1 reviews)

Da Vinci Supply Chain Business Suite

Da Vinci is a cloud-based supply chain management (SCM) solution designed specifically for 3PLs, internet retailers and wholesale businesses with demanding warehouse, fulfillment and transportation needs. In addition to a WMS an...Read more about Da Vinci Supply Chain Business Suite

4.5 (17 reviews)

2 recommendations

BrokerWare

Brokerware is a cloud-based freight management solution that assists brokers in shipment tracking and payment processing. Key features include carrier selection, customer portal, payment processing and load board integrations. ...Read more about BrokerWare

4.4 (7 reviews)

Nocturne

Nocturne by Healex is a cloud-based supply chain management solution designed for midsize and large enterprises. It primarily caters to industrial products, electronics, aerospace and medical equipment industries. Nocturne al...Read more about Nocturne

4.5 (1 reviews)

AMT ERP

AMT is a hybrid enterprise resource planning (ERP) solution that caters to small and midsize apparel and retail firms in industries such as clothing, accessories, footwear and electronics and helps them to manage their day-to-day ...Read more about AMT ERP

5.0 (1 reviews)

Digital Supply Chain Network

One Network's Digital Supply Chain Network (previously known as Real Time Value Network) is a cloud-based supply chain management solution that helps larger organizations optimize their supply chain service. It offers a comprehens...Read more about Digital Supply Chain Network

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Claritum

Claritum is a cloud-based spend management solution designed to streamline source-to-settle processes for midsize and enterprise-level organizations. From source to settle, organizations have an automated process to capture o...Read more about Claritum

Iptor ERP

Iptor (formerly known as IBS Enterprise) offers cloud-based solutions for supply chain managers and distributors of all scale and size. It provides integrated ERP solution with built-in capabilities for supply chain management, in...Read more about Iptor ERP

3.0 (1 reviews)

Demand Commander

Demand Commander is a cloud-based demand planning and forecasting solution that provides organizations of all sizes across various industries with a suite of applications to manage different aspects of their sales and operations p...Read more about Demand Commander

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Buyers Guide

Last Updated: March 16, 2023

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. 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?