#GEP SMART TOOL SOFTWARE#

You can add as many suppliers as you want with as much information as you need to stay organized. An online contact management system doesnвЂ™t run out of storage space the way a Rolodex does. While old-school Rolodexes are still popular for storing business cards, they are hard to manage and update. There are several benefits to using an SRM software: Organize Contact Information in One Place Benefits of Supplier Relationship Management Store and manage contracts in one place with Ivalua software.

Follow-up Scheduling: Generate a calendar for following up on important calls, emails, and other forms of communication with suppliers.

Call Scripts and Email Templates: If youвЂ™ve ever struggled to communicate with a new supplier, consider using a template or script to remain consistent.

Supplier Risk Management: If there are any problems with a supplier, you can flag the issue in your system to mitigate potential supply chain interruptions.

Communication Management: Store and organize emails, call transcripts, and other communication records.

Use the supplier data you gather to decide on new business processes.

Performance Analytics: Monitor real-time individual supplier performance over time.

Automated Order History: Track previous purchase orders from your suppliers to forecast for future demands along the supply chain lifecycle.

Invoice, Requisition, and Quote Creation: Generate identical document templates for all your suppliers to maintain consistency.Contact Management: Store and organize all your supplier information, like contact name, physical addresses, email addresses, phone numbers, and more.Manage your supplier relations with mењњonnXion. Find a vendor management system for your contingent workforce. Note: Supplier relationship solutions are sometimes referred to as vendor management software, which are different from vendor management systems. Build positive supplier and vendor relationships with an SRM solution. Similar to customer relationship management handles B2C communications, SRM is designed for easing communication between your company and those you regularly interact with on a B2B level. You need to foster a healthy relationship with all your procurement channels.

#GEP SMART TOOL SOFTWARE#

Now SRM is managed digitally by a state-of-the-art software suite. Supplier management used to be all about organizing vendors with Rolodexes and color-coded index cards. Supplier relationship management (SRM) software is a communication solution for manufacturers, distributors, and retailers along the supply chain. What is Supplier Relationship Management (SRM) Software?

What is Supplier Relationship Management (SRM) Software?.

Gep smart tool