Supplier Relationship Management (SRM)

SRM solutions help companies transcend traditional supplier relationships to enable collaboration and profitability. Our SRM solutions include valuable capabilities that address: collaborative design, spend analysis and optimization, strategic sourcing and contract management, procurement execution, and collaborative supply planning. Leveraging the power of SRM, companies can quickly select the best suppliers, establish strategic relationships, and facilitate more effective supplier collaboration to meet changing requirements and drive profits.

SRM increases supply chain visibility and automated processes. Connecting the entire supply base -- and giving you unprecedented insight into global spend; So you can cut the cost of purchased goods and services.

Business Benefits

By providing access to leading application vendors, supplier relationship management solutions from EOK can help you define a complete, Web-based solution that addresses:

Strategic sourcing - providing your procurement staff with the tools, knowledge and supporting business processes to determine the optimal sourcing strategy for each commodity and supplier

Contract management - providing easy access to contract information, allowing procurement staff to easily track performance, compliance and burn rate against contractual commitments  

Product sourcing - helping product development teams stay in synch with global sourcing strategies. Advanced analyses ensure products are optimized for total cost and supply constraints before reaching volume manufacturing

Supply collaboration - providing visibility into the value chain to ensure supply by taking into account material forecasts, supply constraints, capacity constraints, inventory status and scheduled shipments

Negotiation - automating building quotes and quote analysis

Procurement - managing all procurement transactions, including requisitioning, purchase order creation and settlement  

Contact us for more details on our SRM solutions