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