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SRM Software instead of Excel Spreadsheets - The New Way for Sourcing Teams Supplier relationship management software can make things a little bit easier. Safeguard Brand Value SRM software can help keep the doorstep clean and brand value intact! Many modern Supplier Relationship Management software provide a means to better monitor, spot and address supplier- related risks. Adoption of Supplier Relationship Management Software can provide a better means of visibility and control of supplier relationships. Trust & Control As pointed out in advantage number 2, Supplier Relationship Management software gives control over a company's supplier base. Simply breaking out of the confines of regular supplier spreadsheets and SharePoint will provide companies with Supplier Information Management support tools that make it: - easy to gather supplier data - easy to access information/documentation - easy to collaborate within - easy to integrate Full-Time Equivalent Savings Companies can experience time savings estimated at 12-20% of FTE for a strategic buyer, category manager or supplier responsible when SRM technology is applied on manual and admin tasks. Enhanced Supplier Experience Do companies really think that their suppliers like receiving lengthy excel questionnaires and attachments during onboarding? This question is rhetorical. SRM software offers a means to address the Supplier User Experience, which is equally as important as a Buyer's User Experience. SRM software offers ease of use to suppliers, which will be directly associated with the organisation. SRM software can help organisations remove the barriers standing in the way of supplier engagement and enablement. Find Out More At https://www.kodiakhu b.com
