An introduction to two main components of SRM: Procurement and Sourcing.
Description
Supplier relationship management (SRM) involves collaboration with suppliers that are crucial to the success of an enterprise. The goal of SRM is to maximize the value of the collaborative relationships with suppliers. SAP SRM represents a strategic approach to procurement and supply that is tightly integrated with other components of the SAP Business Suite. This course provides an overview of the concept of SRM and leads into detailed content concerning SAP's approach to SRM. The course introduces the two main components of SRM: Procurement and Sourcing. Some of the more common concepts such as requisitions, order management and receipt, as well as supplier sourcing are described in some detail.Learning objectives
- Recognise the steps in the SRM procurement process
- Recognise the benefits of using SRM
- Recognise the procedure for displaying a shopping cart in SRM
- Select suppliers who would benefit from using Supplier Self-service to process orders
- Recognise the procedure for confirming receipt of goods in SRM
- Perform procurement transactions using SRM applications
- Recognise how SRM is used during supplier identification
- Recognise procedures for managing vendor groups in SRM
- Distinguish between supplier negotiation applications
- Recognise the procedure for evaluating a vendor
- Determine the preferred bidder given a scenario
- Perform sourcing transactions using SRM applications