Procurement and Supplier Relationship Management (SRM)

What Is The Supplier Relationship Management (SRM)?

In today’s global economy, suppliers have a central role in product development processes and businesses well-being. With the ever increasing number of suppliers and subcontractors it is becoming critical to optimise their management. Specific tools have now been developed in order to automate and simplify processes, making it easy to make fast and informed decisions regarding suppliers.

SRM, helps businesses to improve collaboration with their suppliers, implement new processes, share use cases, and methodology. It gives them a better understanding and knowledge of each supplier to optimise engagement. It offers the ability to adapt suppliers management depending on their activity, costs, value and exchanges.

To be implemented, businesses have to follow 3 global steps :

– Suppliers’ segmentation : who is doing what ?
– Suppliers’ strategy planification: define objectives, processes, resources, methodologies
– Suppliers’ strategy execution : plan execution and follow-up

How can procurement module help you ?

Thanks to its expertise and understanding of challenges faces by procurement teams, Lascom has developed a collobarative system enabling businesses to implement SRM.

Suppliers’
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Specifications
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Success Stories

  • Bolthouse Farms

    Bolthouse Farms

    Bolthouse Farms is North America’s market share leader in growing and distributing fresh-cut carrots and offers ‘all things carrot’, including... Read more »
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  • Maple Lodge

    Maple Lodge

    Maple Lodge Farms increases productivity, shortens product development cycles, and reduces risk with Lascom CPG Solution Maple Lodge Farms (MLF)... Read more »
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  • Poultry leader

    Poultry leader

    France’s largest chicken products and chicken based products processor and distributor, employs more than 16 000 people all around the... Read more »
    Read more
  • Artenay Bars

    Artenay Bars

    Artenay Bars is the leading French manufacturer of cereal bars and muesli in the private label market. The company has an... Read more »
    Read more
  • Yoplait

    Yoplait

    Lascom solution helps YOPLAIT achieve faster product development times Dairy manufacturer Yoplait selects Lascom's CPG Solution to reduce product development... Read more »
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  • LACTALIS

    LACTALIS

    To meet new food regulations and increase productivity CPG solution from Lascom helps Lactalis meet new food regulations and increase... Read more »
    Read more
  • Bolthouse Farms
  • Maple Lodge
  • Poultry leader
  • Artenay Bars
  • Yoplait
  • LACTALIS

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