Sap Srm

My SAP SRM

In an age of intense competition, supply chain efficiency and adaptability are not just requirements for success, but they are necessities for survival. Companies are under constant pressure reducing cost while increasing innovation, adaptability, and speed. The challenge is reducing purchasing costs for greater profitability while at the same time working with suppliers in a collaborative way that is everyone’s advantage. To meet the challenge, approximately 3000 companies worldwide have used my SAP SRM (System Application Program Supplier Relationship Management) which reduces procurement costs, shorten lead time and improve sourcing strategy to improve their business and operations processes (Meier 30).

Many companies believe that SAP is the world’s leading provider of business software solutions. SAP was started in 1972 by five former IBM employees. SAP application that was built around their latest R/3 system provides the capability to manage financial, operations, and materials (71). Today, more than 22.600 customers in over 120 countries run more than 76,100 installation of SAP software. SAP added new business applications such as: customer relationship management (CRM) and supply relationship management (SRM) (107). It helps them optimize supplier selection, compress cycle times, and build sustainable supplier relationship. The supplier collaboration of my SAP SRM offers a completely web-based scenario to provide companies with one unified view on design object, forecasts, inventory, and procurement shipments. My SAP SRM is the only supply chain application that integrates collaboration, planning, execution, and coordination of the entire supply chain