SRM Software instead of Excel Spreadsheets - The New Way for Sourcing Teams

SRM Software instead of Excel Spreadsheets - The New Way for Sourcing Teams, updated 8/12/22, 2:36 AM

Supplier relationship management has been dealt with inside of spreadsheets, sharepoint, notes and emails. But no more. It's time more Procurement Teams invested in Supplier Relationship Management Software to gain the real benefits lying in your supplier data.

Tag Cloud

SRM Software instead of Excel
Spreadsheets - The New Way for Sourcing
Teams
Supplier relationship
management software can
make things a little bit
easier.
Safeguard Brand Value SRM software
can help keep the doorstep clean and
brand value intact! Many modern
Supplier Relationship Management
software provide a means to better
monitor, spot and address supplier-
related risks.
Adoption of Supplier
Relationship Management
Software can provide a better
means of visibility and control
of supplier relationships.
Trust & Control As pointed out
in advantage number 2,
Supplier Relationship
Management software gives
control over a company's
supplier base.
Simply breaking out of the confines of regular
supplier spreadsheets and SharePoint will
provide companies with Supplier Information
Management support tools that make it: - easy
to gather supplier data - easy to access
information/documentation - easy to collaborate
within - easy to integrate
Full-Time Equivalent Savings
Companies can experience time
savings estimated at 12-20% of FTE
for a strategic buyer, category
manager or supplier responsible
when SRM technology is applied on
manual and admin tasks.
Enhanced Supplier Experience
Do companies really think that
their suppliers like receiving
lengthy excel questionnaires and
attachments during onboarding?
This question is rhetorical.
SRM software offers a means
to address the Supplier User
Experience, which is equally
as important as a Buyer's
User Experience.
SRM software offers ease of
use to suppliers, which will
be directly associated with
the organisation.
SRM software can help
organisations remove the
barriers standing in the way
of supplier engagement and
enablement.
Find Out More At
https://www.kodiakhu
b.com