SAP - SRM

SAP Supplier Relationship Management ("SAP SRM") is an extremely important functional area for SAP.

Companies of all sizes are looking to sourcing and procurement for improving bottom-line performance. If you can reduce the cost of purchased goods and services, you can boost profitability – without increasing sales or sacrificing quality.

SAP SRM simplifies and automates procurement. The SAP SRM process integrates supplier qualification, negotiation, and contract management more tightly and cost-effectively with other enterprise functions and their suppliers' processes – through a single framework with support for multichannel suppliers.

The SAP SRM application is designed as a long-term foundation to secure the cost and quality advantages of center-led purchasing and broadened supplier involvement for enduring value and long-term results.