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 software, 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
Thanks to its expertise and understanding of challenges faces by procurement teams, Lascom has developed a collobarative system enabling businesses to implement SRM.
Success Stories
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BVLGARI chooses Lascom’s PLM
How Lascom's PLM answers a cosmetic key account's needs Noble heir of the italian jewelery tradition, BVLGARI became a powerful innovation…Read more -
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 Farms
Maple Lodge Farms increases productivity, shortens product development cycles, and reduces risk with Lascom CPG Solution Maple Lodge Farms (MLF)…Read more -
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 -
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
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Experts Opinion
Access our guides and whitepapers for your industry :
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