SAP Supplier Relationship Management (SAP SRM) focuses on bottom-line results -- to help you reduce the costs of goods sold throughout the company. By improving supply-related efficiency and enhancing the value of supplier relationships, SAP SRM delivers significant business benefits across a broad range of operational areas:

Improved Sourcing Strategy

• Rationalization and optimization of the supply base
• Better access to data on supplier performance
• Improved quality of supply and reduced risk

Compressed Cycle Times

• Automation of tedious request for proposal (RFP) and request for quotation (RFQ) cycles
• Faster procurement execution through online approval
• Quicker acknowledgment and response from suppliers

Reduced Process Costs

• Increased compliance through reduced maverick buying
• Reduced complexity through content consolidation
• Increased efficiency through procurement automation
• Reduced integration and connectivity costs

Lower Unit Prices

• Demand consolidation across multiple business units
• Lower inventory-carrying costs
• Better prices through competitive bidding