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SRM Software


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3PL Warehouse Manager by 3PL Central logo
 
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
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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
 
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.
 
Fishbowl Inventory logo
 
Fishbowl is a business automation and inventory management platform for small to midsize companies. It integrates with QuickBooks accounting. Fishbowl offers inventory control, material requirements planning (MRP) and job shop floor... Read More
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Fishbowl is a business automation and inventory management platform for small to midsize companies. It integrates with QuickBooks accounting. Fishbowl offers inventory control, material requirements planning (MRP) and job shop floor... Read More
 
Slingshot Enterprise Business Suite logo
 
Slingshot Enterprise Business Suite is a cloud-based enterprise resource planning (ERP) solution for midsize to large businesses. The software offers an integrated suite with procurement and order fulfillment, supply chain planning,... Read More
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Slingshot Enterprise Business Suite is a cloud-based enterprise resource planning (ERP) solution for midsize to large businesses. The software offers an integrated suite with procurement and order fulfillment, supply chain planning,... 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

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TECSYS EliteSeries logo
 
EliteSeries is a user-friendly Supply Chain Management solution from TECSYS. In addition to flexible deployment options, open source architecture gives companies maximum flexibility to customize and integrate the system.
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EliteSeries is a user-friendly Supply Chain Management solution from TECSYS. In addition to flexible deployment options, open source architecture gives companies maximum flexibility to customize and integrate the system.
 
Contract Insight Contract Management logo
 
Contract Insight is a contract lifecycle management solution developed by CobbleStone Systems. It can be deployed either on the customer’s premises (with perpetual licensing) or in the cloud (with monthly subscription licensing). Contract... Read More
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Contract Insight is a contract lifecycle management solution developed by CobbleStone Systems. It can be deployed either on the customer’s premises (with perpetual licensing) or in the cloud (with monthly subscription licensing). Contract... Read More
 
Coupa Cloud Spend Management logo
 
Coupa Cloud Spend Management combines deep knowledge of e-procurement and expense management with a cutting-edge cloud computing architecture to help businesses spend smarter and save more. It brings industry leading innovations in... Read More
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Coupa Cloud Spend Management combines deep knowledge of e-procurement and expense management with a cutting-edge cloud computing architecture to help businesses spend smarter and save more. It brings industry leading innovations in... Read More
 
Conga Novatus Contract Management logo
 
Conga Novatus Contract Management software is a solution designed to help businesses generate, track, maintain and report on important business contracts. Conga Novatus Contract Management solution automates the CLM process from creation... Read More
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Conga Novatus Contract Management software is a solution designed to help businesses generate, track, maintain and report on important business contracts. Conga Novatus Contract Management solution automates the CLM process from creation... Read More
 
BPM logo
 

BPM

BPM by Bellwether Software is a cloud-based procurement management solution. Along with a standalone procurement application, BPM also offers integrated applications for supplier management, vendor managed inventory, strategic sourcing... Read More
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BPM by Bellwether Software is a cloud-based procurement management solution. Along with a standalone procurement application, BPM also offers integrated applications for supplier management, vendor managed inventory, strategic sourcing... Read More

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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
 
Halo logo
 
Halo offers a supply chain management analytics platform that helps businesses plan and forecast inventory needs. Deployment options for Halo include on-premise, SaaS (Software as a Service) or PaaS (Platform as a Service, which allows... Read More
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Halo offers a supply chain management analytics platform that helps businesses plan and forecast inventory needs. Deployment options for Halo include on-premise, SaaS (Software as a Service) or PaaS (Platform as a Service, which allows... Read More
 
Tradogram logo
 
Tradogram is cloud-based procurement management software with six applications included one platform. Key features include supplier management, contract management, strategic sourcing, spend control and order management. Team managers... Read More
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Tradogram is cloud-based procurement management software with six applications included one platform. Key features include supplier management, contract management, strategic sourcing, spend control and order management. Team managers... Read More
 
Procurify logo
 
Procurify is a web-based procurement platform that allows users to make requests, approvals, and purchases from any Internet-connected device. This real-time platform helps users can create, track, and report on all requisitions,... Read More
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Procurify is a web-based procurement platform that allows users to make requests, approvals, and purchases from any Internet-connected device. This real-time platform helps users can create, track, and report on all requisitions,... Read More
 
HighJump Warehouse Advantage logo
 
HighJump Warehouse Advantage is an adaptable, process-based warehouse management system (WMS) designed to be tailored to companies’ unique business practices. Due to its modular design, users can pick and choose from a suite of applications... Read More
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HighJump Warehouse Advantage is an adaptable, process-based warehouse management system (WMS) designed to be tailored to companies’ unique business practices. Due to its modular design, users can pick and choose from a suite of applications... Read More

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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
 
SoftCo Procure-to-Pay logo
 
SoftCo is a cloud-based and on-premise software that provides solutions in financial process automation. It is designed for midsize to large companies across all industry sectors. SoftCo Procure-to-Pay facilitates the creation of... Read More
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SoftCo is a cloud-based and on-premise software that provides solutions in financial process automation. It is designed for midsize to large companies across all industry sectors. SoftCo Procure-to-Pay facilitates the creation of... 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.
 
Lead Commerce logo
 
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
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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
 
ShippersEdge logo
 
For companies looking for a simple, budget-friendly TMS solution, ShippersEdge is a web-based, highly scalable route optimization system that manages shipping logistics from beginning to end across the entire enterprise. ShippersEdge... Read More
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For companies looking for a simple, budget-friendly TMS solution, ShippersEdge is a web-based, highly scalable route optimization system that manages shipping logistics from beginning to end across the entire enterprise. ShippersEdge... Read More

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Buyer's Guide

by Lisa Hedges,
Content Analyst
Last Updated: September 22, 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?

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Ten Steps Guide to Selecting the Right SCM Software

 

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