What is SAP SRM?
SRM (Supplier Relationship Management) is optional functionality available from SAP to simplify and automate procurement. It is a scaleable solution that can assist your company with integrating 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. By reducing the cost of purchased goods and services, you can boost profitability without increasing sales or sacrificing quality.