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Supplier Relationship Management (SRM) Software is a type of software used to manage the relationship between a company and its suppliers. It is designed to help companies streamline their procurement processes, improve supplier performance, and reduce costs. SRM software typically includes features such as supplier onboarding, supplier performance management, supplier risk management, and supplier collaboration. It also provides visibility into the supply chain, allowing companies to better manage their suppliers and ensure that they are meeting their contractual obligations.
SRM software is becoming increasingly popular as companies look to optimize their supply chain operations and reduce costs. It is also becoming more important as companies look to ensure compliance with regulations and industry standards.
Some companies in the SRM software market include SAP Ariba, Oracle, Coupa, Ivalua, and Zycus. Show Less Read more