Tagform Supplier Relationship Management - SRM System

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Purchase management basically is a function in any enterprise that works to save money and enhance profits. Hence, it becomes one of the most important departments in a company. Cost savings can be achieved if the purchasing decisions are effective.

The SRM System is the systematic approach to evaluating vendors that supply goods, materials and services to a company. It enables businesses to manage their relationships between their vendors.

With SRM System
Company can:
• Monitor POs by setting different approval levels.
• Check the POs status and supplier
• Reports of product costing and supplier's performance in formulating strategies
• Outstanding report for ordered goods or payments
• Transparency of product cost and create a friendly competitive environment among suppliers
• Budgeting suppliers payment fund and planning credit supplier strategy

Suppliers can:
• View the PO detail and acknowledge PO
• Check the outstanding status and payment advice
• Get an overview of outstanding amount and POs to be delivered
• Know the unique selling point of competitors to create an effective strategy
• Assist to monitor your inventory levels and alert you when they fall below reorder levels
• Receive reminder letter after certain days of PO issuance (coming soon)

Related Users:
• Suppliers
• Purchaser

Any question please don't hesitate to contact 012-3966 236 (Whatsapp) or drop email to [email protected]