mySAP SRM™

The SAP Supplier Relationship Management (mySAP SRM) application is built on the SAP NetWeaver technology platform, enabling multiple levels of suppliers, partners, and manufacturers to work together on a fully integrated source-to-pay/procure-to-pay process.

mySAP SRM enables following key business processes:

Procure-to-Pay

Execute the operational activities of procurement, including self-service, plan-driven, and services procurement. With mySAP SRM, you can integrate catalog-based requisitioning with your traditional procure-to-pay process and gain the benefits of e-procurement without losing your back-end enterprise resource planning processes.

Catalog Management

Manage catalog data as master data in a repository that is deeply integrated with the core application processes. This functionality is further harmonized with Netweaver Master Data Management.

Centralized Sourcing

Gain visibility into the demand for goods and services from multiple back-end systems, aggregate spend and streamline bidding processes, and collaborate with suppliers for faster and more efficient savings capture.my SAP SRM can help you tap into new value through better business planning, improved supplier qualification, and more efficient supplier negotiation. Live Auction Cockpit allows you to have real time auctionings.

Contract Lifecycle Management

Consolidate contract information across multiple systems and regions, distribute contract usage, ensure optimal contract selection and pricing, and track compliance and savings realization.

Supplier Collaboration

Link suppliers to your purchasing processes through the supplier portal(SUS). With mySAP SRM, you can choose the optimal interaction channel for numerous business processes and documents and collaborate more effectively with suppliers in supplier-facing processes.

Supplier Evaluation

Manage your suppliers and reduce risk through supplier scorecarding. mySAP SRM enables you to better manage suppliers – improving quality, enhancing collaboration, and reducing supplier risk.

 

mySAP SRM provides companies with the tools to drive superior results through an end-to-end procurement process. Activities such as spend analysis, category management, requisitioning, sourcing, contract life-cycle management, invoicing, and supplier management, are part of an integrated platform.

 

mySAP SRM enables your organization to achieve the following business benefits:

  • mySAP SRM enables tight process integration. As a result, companies are able to achieve a closed loop from source-to-pay. Aggregating spend in a single platform leads to optimized spend and supplier relationship management.
  • mySAP SRM provides visibility into enterprise expenditures and enables the procurement organization to effectively demonstrate that spending activities, contracts, and supplier interactions adhere to corporate guidelines.
  • mySAP SRM gives you the tools to partner with key suppliers to differentiate in your market, define your supplier management approach, and determine the key metrics that are used to determine supplier success.

 

Please shoot your queries related to mySAP SRM™ at enq@keonsolutions.com