What is SRM/SAP SRM

What is SRM/SAP SRM ?

Supplier relationship management is a comprehensive approach to managing an enterprise's interactions with the organizations that supply the goods and services it uses. The goal of supplier relationship management (SRM) is to streamline and make more effective the processes between an enterprise and its suppliers just as customer relationship management (CRM) is intended to streamline and make more effective the processes between an enterprise and its customers. SRM includes both business practices and software and is part of the information flow component of supply chain management (SCM). SRM practices create a common frame of reference to enable effective communication between an enterprise and suppliers who may use quite different business practices and terminology. As a result, SRM increases the efficiency of processes associated with acquiring goods and services, managing inventory, and processing materials.

According to proponents, the use of SRM software can lead to lower production costs and a higher quality, but lower priced end product. SRM products are available from a number of vendors, including 12 Technologies, Manugistics, PeopleSoft, and SAP.

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.

6 comments:

Kavneet said...

Hi I am a government employee(Stenographer) in High Court Chandigarh. But I want to shift my career in some private field. Kindly suggest me career in SAP. the training module, fees, and opportunities.

Kavneet said...

Hi I am a government employee(Stenographer) in High Court Chandigarh. But I want to shift my career in some private field. Kindly suggest me career in SAP. the training module, fees, and opportunities.

saravanan said...

hi ,
i am saravanan doing MBA final year systens & marketing is my specialization . I want to learn SAP but i dont know which modules is best for me . so pls guide me which one is use for in future

Prasu said...

Whatever, anyone who wants to do a course need to see 3 important things
1. Trainer's knowledge
2. Presentation skills(make us comfortable and confident)
3. Trainer's discipline
If you find 3 things in any faculty join bliindly. Don't get influenced by friends or institute names. You can attend demo right? Attend, enquire and join. It's not money which will get wasted if you join wrong institute or wrong faculty, It's 1. Time 2. Confidence and 3. Josh/Zeal which you loose. And it is very difficult to get them back.
Just to add to help SAP seekers i have seen faculty Mr. Ramcharan who has these 3 qualities. He will not make any kind of promises nor will get you job. He will impart the necessary knowledge to be successful and confident. He has tremendous knowledge and fabulous expressive skills and is highly desciplined. You see such type very rarely.
Lakshmi Prasanna

Anonymous said...

Recently completed training online in sap-crm and felt satisfied with the knowledge and explanation. It's very difficult to find genuine faculties that too online. I have been waiting for a faculty who has decent knowledge and explain well and being in some other location, with busy schedule everyday, without seeing faculty directly it is risky. After seeing my friend's reviews about rcstudentclub i attended demo online and later joined the course. I was happy the way RC took classes and the patience he has to explain again and again.

http://rcstudentclub.wordpress.com/ is helpful for all those who want to undergo online training in sap-crm from Ramcharan sir and this dedicated student community will suggest faculties/institutes genuinely for other modules also.Hope they introduce other modules soon.
With best regards
Phanibhushan,Dandenong.

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