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Overview

With the mySAP Supplier Relationship Management (mySAP SRM) application, you can simplify and automate procurement. The mySAP SRM application integrates strategic practices for supplier qualification, negotiation, and contract management more tightly and cost-effectively with other enterprise functions and their suppliers' processes - through a single analytical framework and support for multichannel supplier enablement.

The mySAP SRM application is designed as a long-term foundation to secure the cost and quality advantages of center-led purchasing and broadened supplier involvement for enduring value and long-term results. If you are seeking a low-risk way to prove the value of e-sourcing before investing in the mySAP SRM application, you can use a hosted version of the SRM sourcing software for a temporary period.

With mySAP SRM, you get a supplier relationship management software application designed to achieve sustainable savings, value-generating supplier relationships, and faster business innovation.

mySAP SRM: Features & Functions

The mySAP Supplier Relationship Management (mySAP SRM) application is built on the technology platform of SAP NetWeaver, enabling multiple levels of suppliers, partners, and manufacturers to work together on the following core supply processes.

• Sourcing - Expand the role of e-procurement to the next level of added value in the complete purchasing cycle by automating sourcing functions. mySAP SRM can help you tap into new value through better business planning, more effective category management, improved supplier qualification, more efficient supplier negotiation, and better contract management.
• Procurement - Execute the operational activities of procurement, including requisitioning, ordering, receiving, and financial settlement. With mySAP SRM, you can integrate catalog-based requisitioning with your traditional procure-to-pay process and gain the benefits of e-procurement without losing your back-end enterprise resource planning processes.
• Supplier enablement - Link suppliers to your purchasing processes via SAP Supplier Network or through the supplier portal or other means. With mySAP SRM, you can choose the optimal interaction channel for numerous business processes and documents and collaborate more effectively with suppliers in supplier-facing processes.

mySAP ERP HCM: Business Benefits

The mySAP Supplier Relationship Management (mySAP SRM) application focuses on bottom-line results - to help you reduce the costs of goods sold throughout your company.

Benefits in Sourcing

mySAP SRM enables your organization to achieve the following:

• Quick, significant, and sustainable cost savings
• Proof of concept for transformative sourcing initiatives
• Improved sourcing decisions that optimize the overall value contribution from suppliers
• Improved ability to capture, share, and continuously enhance sourcing knowledge; improved ability to manage by category
• Improved resource utilization by working with the most important initiatives and suppliers
• Faster time to market and more fruitful innovation
• Ability to manage compliance of suppliers, business units, approvers, and individual buyers
• Transparent and consistently executed purchasing processes

Benefits in Procurement

You can benefit from the following procurement processes available in mySAP SRM:

• Streamlined procure-to-pay process; less administration and more efficient business processes; elimination of errors; increased productivity; faster cycles; and lower processing costs
• Improved overall management of demand
• Improved contract compliance
• More free time to focus on value-adding activities
• Better compliance with Sarbanes-Oxley and other regulatory requirements

Benefits in Supplier Enablement

mySAP SRM provides the following supplier enablement benefits:

• Optimal interactions with suppliers in numerous business processes and documents (such as improved processing of changes to purchase orders)
• Streamlined business processes for both buyers and suppliers, allowing increased focus on value-added activities
• Increased adoption of e-procurement as a result of scalable supplier connectivity