SAP Supplier Relationship Management (SRM) is an important business tool that helps companies manage and optimize their relationships with suppliers. The application is based on the SAP NetWeaver Application ServerThis enables companies to manage their suppliers on a single platform that is fully integrated into the existing SAP infrastructure. At its core, SAP Supplier Relationship Management offers companies a platform to manage the entire supply chain and monitor it in real time - from procurement to payment.

Through process automation and centralization, SAP SRM enables the simplification of individual work steps and, of course, a reduction in operating costs.

SAP Supplier Relationship Management includes a number of useful features. For example, companies can use a supplier portal to view and organize all information. In addition, SAP SRM enables companies to track supplier contracts to ensure that all suppliers comply with the respective contract terms and purchasing guidelines.

Through powerful analysis functions, automated process steps and the complete mapping of business processes between companies and suppliers, procurement processes and thus costs can be significantly optimized. The same applies to communication with suppliers, for example by automatically forwarding orders to those responsible internally.

One of the most important cost-cutting tools in SAP SRM is support for e-procurement. This allows companies to independently compare and negotiate with multiple suppliers to obtain the best prices and quality.