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

  • Contract-based Service Level Agreements

  • Compliance to Enterprise Risk Requirements

  • 360 Degree Supplier-Customer Relationship Reviews

  • Supplier Performance Monitoring on Both Objective & Subjective Metrics

  • Customer of Choice Thought Process

  • Continuous Formal Cost Reduction Submissions

  • Monitor Internal Compliance to Preferred Suppliers & Policies

Technologies

  • Supplier Relationship Management (SRM) Software

  • Risk Management Software

  • Cloud-based P2P Platforms 

  • On-line Collaboration Software

  • Product Lifecycle Management (PLM) Software

  • Contract Management Software

  • Web Survey Tools

  • Business Intelligence & Analytics Software

  • Artificial Intelligence (AI)

  • RPA