Supplier Relationship Management is only half about suppliers – it’s a mutually beneficial relationship!
SUPPLIER RELATIONSHIP MANAGEMENT (SRM)
A comprehensive SRM program will support identification & execution of relationship strategies to improve overall efficiency, performance, accountability, compliance and value.
SRM supports driving savings through continuous improvement & demand management by partnering with your key suppliers for strategic revenue enhancement opportunities.
Beltrees can help you rollout your SRM program, along with assessing & selecting the right technology, in order to provide the overall structure required to deliver a proactive, consistent and efficient means to support the organization’s enterprise risk initiatives.
Supplier Relationship Management (SRM) is an ongoing process and not just a one-time event
Compliance to processes will provide a closed loop circuit, which will drive long term value and successful partnerships. Beltrees has demonstrated experience and success in leveraging proven Best Practices and supporting technologies to enable a World Class SRM Program.
Best Practices
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Contract-based Service Level Agreements
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Compliance to Enterprise Risk Requirements
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360 Degree Supplier-Customer Relationship Reviews
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Supplier Performance Monitoring on Both Objective & Subjective Metrics
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Customer of Choice Thought Process
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Continuous Formal Cost Reduction Submissions
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Monitor Internal Compliance to Preferred Suppliers & Policies
Technologies
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Supplier Relationship Management (SRM) Software
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Risk Management Software
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Cloud-based P2P Platforms
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On-line Collaboration Software
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Product Lifecycle Management (PLM) Software
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Contract Management Software
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Web Survey Tools
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Business Intelligence & Analytics Software
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Artificial Intelligence (AI)
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RPA