SRM system translates to supplier relationship management system. Mainly by integrating the resources and competitive advantages of both parties to help companies improve their relationships with upstream suppliers in the supply chain, jointly develop markets, expand market demand and share, improve procurement efficiency, reduce procurement costs, and achieve a win-win business management model
The value of SRM system reflects:
(1) Reduce procurement costs
Through the cloud watch SRM, the procurement business process becomes simpler, the entire procurement business process can be completed on the procurement management platform, and the transaction costs of the suppliers participating in the procurement business are also reduced.
(2) Transparency and compliance
Through the cloud table srm system, purchase order information can be transmitted in time, and the business document process of the entire procurement task can be queried in the SRM system to ensure that the procurement execution process is efficient, controllable, compliant and visible.
(3) Improve supplier performance
Enterprises can form an effective supplier management closed loop, and realize dynamic evaluation and management of suppliers.
(4) Control the global supply chain
All business partners in the supply chain are fully integrated into the network and mesh cooperation model, which opens up more value space and deep cooperation with each other, which greatly improves the flexibility of the supply chain. The global view is displayed in real time.
(5) Integration on the production side
In order to realize the coordination of the entire value chain from the production workshop to the supply chain, customers can fully control supply chain information and prevent supply chain risks.
(6) Optimize supply chain capabilities
Multi-dimensional procurement business analysis can provide data reports for supply chain optimization and improve supply chain optimization capabilities.
The value of SRM system to enterprises
1. Optimize the procurement management system
Optimizing the company's procurement management system through cloud watch SRM can help companies improve their relationships with suppliers, standardize and transparent procurement processes, and improve procurement efficiency. At the same time, it can also better reduce the company's procurement costs.
2. Shorten the lead time
Enterprises can share quality inspection information with suppliers through the cloud meter SRM system, and the whole process is transparent. Companies can accurately grasp inventory and other information, ensure service levels, shorten delivery cycles, and reduce manufacturing costs.
3. Ensure the quality of items
The quality of goods is very important to an enterprise and is related to the normal production and operation of the enterprise. The application of SRM supplier management system can help companies choose more suitable suppliers.
4. Improve customer satisfaction
Whether it is a manufacturing company or a service company, the ultimate goal is to serve customers, meet their needs, and achieve the established benefits. This shows that customer satisfaction is a very important link for enterprises. The SRM system can stimulate customer demand, help companies achieve cost reduction and efficiency improvement, and at the same time improve their competitiveness and customer satisfaction.
The cloud watch platform is also a no-code development platform , no code is required, pure Chinese programming, as long as they are familiar with business processes, users can also develop SRM systems by themselves .