“The initial flow of information is overwhelming when we start working on a new range.”
“We would like to rationalize our supplier pool but don’t have a global or centralized view of it.”
“All our artworks are designed externally, and we lose time in versioning and transferring files with our partners.”
What is Supplier Relationship Management (SRM)
In today’s global market, suppliers have a central role in new product development processes and businesses’ well-being. With the ever-increasing number of suppliers and subcontractors, it is critical to use the proper tools and methods to optimize their management. Specific solutions can automate and simplify processes, making it easy to make fast and informed decisions regarding suppliers, and by extension almost any external partner involved in your new product development projects.
SRM software help businesses improve collaboration with their suppliers, implement consolidated processes, share use cases, and build better methodologies. It gives a better understanding and knowledge of each supplier to optimize engagement and ensure accountability. You can make your supplier relationship management decisions based on their quality metrics, overall profitability, request reactivity, etc.
To build a long lasting SRM strategy, organizations must follow 3 major steps:
- Supplier segmentation: Identify and qualify every actor of your supply chain.
- Supplier strategy planification: Define objectives, processes, resources, and methodologies.
- Supplier strategy execution: Execute the planned strategy, track it and post analyze it.
SRM software for new product development projects
RFPs, RFQs, suppliers and specifications management are time consuming and error prone due to the large amount of manipulated data and frequent back and forth dialogue. Our procurement module offers centralized management of all supplier related elements and gives your suppliers a direct, secured and monitored access to your system so they can upload and update their specifications, information, and documents on their own.
Lascom from Aptean SRM Software: supplier information portal
Centralize, organize and keep up-to-date information on raw material and packaging suppliers: contacts info, list of locations, ratings, audit results, regulatory documents, etc.
Access analytic dashboards giving you insights on your supplier base to rationalize your procurement assets.
Certificate renewal requests are automatically sent to your suppliers on anniversary dates.
Lascom from Aptean SRM Software: specification portal
Your suppliers can autonomously access your database through a secured web-based supplier portal, create and upload their raw material or packaging specifications and upload any related document.
Rules and controls can be activated to ensure that mandatory data is provided in a proper format, documents are attached accordingly, and tasks are completed on time.
Lascom from Aptean SRM Software: RFx portal
Aptean Food and Beverage PLM Lascom Edition displays refined ergonomics and an intuitive interface for easy adoption by end users.
RFP and RFQ elements are gathered and structured through the portal then orchestrated via interactive workflows so you can focus on reviewing and assessing the propositions instead of juggling with countless files and e-mails.
Customizable dashboard and scorecarding reports facilitate the analysis of proposals and the choice of a supplier.