Supplier Relationship Management

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Supplier Relationship Management or SRM, helps your organisation with everything you need to manage and build relationships with your suppliers. From supplier vetting to the managing and maintaining of service level agreements, you can ensure all your supplier management needs are met within Portal SRM.

With the ability to perform compliance audits and risk assessments, you can ensure all your compliance needs are meet. Manage and maintain supplier profiles ensuring you can manage your supplier activities and supplier interactions in a single easy to use solution.

With Portal SRM you can streamline and standardize the purchasing of goods and services, while reducing procurement costs, automating operational processes to increase efficiencies and avoid unnecessary expenditure. With real time interactions you can get real time updates from your suppliers including fast tracked feedback on request for proposal, request for quotation, quotations, invoices and so much more.

With these and more features available in our Supplier Relationship Management system, why not contact us today for a demo or to find out more and see how Portal can take your business to the next level.

What is Supplier Relationship Management (SRM)?

Supplier Relationship Management (SRM) is a strategy that companies use to manage interactions with suppliers. Managing the relationship lifecycle to maximize value from interactions with suppliers. The focus of SRM is to develop a two-way, mutually beneficial relationship with strategic supply partners to deliver greater levels of innovation and competitive advantage than could be achieved by operating independently.

Supplier Relationship Management within Portal

Supplier Relationship Management (SRM) within Portal provides your organisation with everything you need to improve supplier relationships. Access reliable, up to date and comprehensive analytics on your suppliers, supplier expenditure and supplier performance.

Perform compliance audits using configurable auditing checklists to ensure compliance readiness. With built-in intelligence and context, quickly assess risks and fast track the right action.

What’s inside:

Contract Management

Improve your contact management with a centralized solution that records and stores all interactions with suppliers in an accessible easy to use solution.

Event Tracking

Simplify event tracking by giving your organisation a chronological timeline view into all supplier interactions.

Workflow Management

Create workflow automations that operate like clockwork to perform actions from updating records, to sending emails and creating tasks.

Alerts

Receive instant alerts relevant to your suppliers, preventing costly disruptions to your organisation.

Business Intelligence

Identify bottlenecks, make informed decisions, and improve service delivery capabilities.

Multi-Currency

Enable your suppliers to transact in multiple currencies with real time currency conversions, including the ability to set a default reporting currency.

Multi-Language

With real-time translations to multiple languages, you can transact, report and communicate with your suppliers regardless of the language.

Certifications

Manage and maintain your suppliers’ certifications and permits with system alerts before expiry so you can ensure your suppliers compliance.

Automated Supplier Rankings

Have work auto allocated to suppliers according your suppliers’ performance, location and your preference of supplier to use.

With these features and more, why not contact us today to see how Supplier Relationship Management can improve your supplier management.

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