Supplier Relationship Management (SRM) is a subset of Supply Chain Management (SCM) that focuses on the relationship between a company and its suppliers. SRM is used to manage the interactions between a company and its suppliers, including the procurement of goods and services, the management of supplier contracts, and the evaluation of supplier performance. SRM also helps companies to identify and select the best suppliers for their needs, and to develop long-term relationships with those suppliers. SRM is an important part of SCM, as it helps companies to ensure that their suppliers are reliable and cost-effective. SRM also helps companies to reduce costs, improve quality, and increase efficiency. Some companies in the SRM market include SAP Ariba, Oracle, Coupa, Zycus, and GEP. Show Less Read more
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