how can (SAP SRM) provides you with innovative methods to coordinate your business processes
Asked by Priyanka Tiwari Last Modified
Follow 0 
Answer 
Dheerendra Kumar
SAP Technical Consultant SME working with OData, UI5, Fiori, ABAP-OO, WORKFLOW, WEB DYNPRO working with SAP.
Hi Priyanka, basically SRM is a different product in sap portfolio, which can work alongwith ERP or may be as an standalone, there are some wow factors as- Live Bidding Engine- Bidding can be carried out in very transparent manner Smooth Procurement process- Employee can raise a shopping cart mentioning...
read more Hi Priyanka, basically SRM is a different product in sap portfolio, which can work alongwith ERP or may be as an standalone, there are some wow factors as- Live Bidding Engine- Bidding can be carried out in very transparent manner Smooth Procurement process- Employee can raise a shopping cart mentioning his or her requirement, which greatly reduced workload of purchasing dept. PPS- for Public Sector Company there are many in-built functionality are there which brings value to business. read less
0
Comments
SAP Supplier Relationship Management (SAP SRM) provides you with innovative methods to coordinate your business processes with your key suppliers and make them more effective. SAP SRM enables you to optimize your procurement strategy, to work more effectively with your supplier pool, and thus to gain...
read more SAP Supplier Relationship Management (SAP SRM) provides you with innovative methods to coordinate your business processes with your key suppliers and make them more effective. SAP SRM enables you to optimize your procurement strategy, to work more effectively with your supplier pool, and thus to gain long-term benefits from all your supplier relationships. With SAP SRM you can examine and forecast purchasing behavior, shorten procurement cycles, and work with your partners in real time. This allows you to develop long-term relationships with all those suppliers that have proven themselves to be reliable partners. The efficient processes in SAP SRM enable you to cut down your procurement expenses and to work more intensively with more suppliers than ever before. The SAP SRM documentation offers a comprehensive description of the functional scope of SAP SRM, and highlights the relationship between the application and the underlying technologies. read less
0
Comments
Deleted User
Training Centre
We will help you on your requirement please call me.
0
Comments
The following are the Core SRM Functionality The SAP SRM functionality provides a number of tools that can give your company greater efficiency throughout the source-to-pay pro¬cess. SAP has identified a number of core functions that can assist in providing those efficiencies. E-Sourcing Application...
read more The following are the Core SRM Functionality The SAP SRM functionality provides a number of tools that can give your company greater efficiency throughout the source-to-pay pro¬cess. SAP has identified a number of core functions that can assist in providing those efficiencies. E-Sourcing Application The E-sourcing application uses SAP NetWeaver to help maximize savings with suppliers. The functionality looks at spend analysis and provides sourcing-to-contract management. It also provides the abil¬ity to create forward and reserve auctions to gain favorable pricing from suppliers. Spend Analytics The Spend Analytics application is a business user focused application that brings together essential procurement measures across your orga¬nization. It allows your purchasing staff to create key performance in-dicators (KPIs), conduct analyses, and create procurement initiatives. SAP Contract Lifecycle Management (SAP CLM) SAP CLM allows your company to manage all aspect of the contract process. SAP CLM can operate with any type of contract and help with standardized language and reporting to reduce any legal, finan¬cial, or regulatory risk. The SAP CLM function is powered by SAP NetWeaver. SAP Cost and Quotation Management (SAP CQM) Providing customers with an accurate quote can mean the difference between a sale or not. The SAP CQM functionality provides your company with a more accurate quotation function to win business that will provide a profit. The SAP CQM functionality is powered by SAP NetWeaver. read less
0
Comments
Chandra Sekar K P
Trainer
The First thing which helps you is to reduce procurement costs in business process.
0
Comments
The First thing which helps you is to reduce procurement costs
0
Comments
SAP Supplier Relationship Management (SAP SRM) provides you with innovative methods to coordinate your business processes with your key suppliers and make them more effective. SAP SRM enables you to optimize your procurement strategy, to work more effectively with your supplier pool, and thus to gain...
read more SAP Supplier Relationship Management (SAP SRM) provides you with innovative methods to coordinate your business processes with your key suppliers and make them more effective. SAP SRM enables you to optimize your procurement strategy, to work more effectively with your supplier pool, and thus to gain long-term benefits from all your supplier relationships. read less
0
Comments
View 5 more Answers
Related Questions
Hi, I am pursuing MBA 1st Year. I want to learn Digital Marketing. Is it right for career growth, or should I choose to learn some other technologies? If yes, please give me your suggestions that help me to get a JOB in the IT Sector. 
Hi Sai, To find right career path you need to try things ( Which is long way). I would suggest you to learn multiple things ( implementation is important part) and then find your intrest and dive in to...
29 How to do my SAP institute advertisement on UrbanPro?
Hi Enroll yourself as trainer, add your requirement. What are he technologies you are providing? Thanks
Hi, I have completed my graduation in bachelor of commerce in distance education and I have 2+ years experience in payroll and query management... Now I want to do sap courses which relate to my carrier.... And also I have planned to do a communication course in British council at chennai.... The above mentioned is my pre plans for my carrier. Please advice and correct me if am wrong in some where...
HI VIgnesh, The strategy seems good. Best Wishes.
I am an MBA full time looking for a short term course which would help me make a switch to jobs in the field of marketing or HR. I am currently working in customer service? What do you recommend??
Data analysis is the best course for you. Initially start with Python.
Hi, Myself Jagadeesh.. I Completed my graduation(EEE) in 2016. I have a two years experience in US IT STAFFING. Now am thinking to move for SAP. Can anyone suggest me the best module which suits me and which has a huge growth in future? ! Thanks in advance.
As you know, in SAP, there are around 8+ modules. In my opinion, SAP PS & PM, along with FICO, is growing these days. In various companies like IBM, ITC, TCS, you can get the right package also after certification in SAP.
Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com
Ask a QuestionRelated Lessons
Introduction To SAP R/3, ECC6 And S/4 HANA Over View And Basics Module
Introduciton: SAP (System Application and Product) is the name of the biggest European German Software company as well as the name of software itself. SAP is the fourth largest software company in the...
Sap Hana: How To Start Hana Studio & Start Hana System To Understand The Components And Views?
D-Click on SAP HANA Studio from the desktop. Use the login your user name and password which you got from the system adminstrator. Once login in to HANA system. Click on Add System if need to add...
The Real Value of SAP in the World
The SAP is a standout amongst the most requested innovation in this day and age. SAP was established in the year 1972 going for creating enterprise asset solutions that upgrade information administration...
Highlights Of Some Recent GST Council Meetings
Highlights of 22nd GST Council Meeting at New Delhi on 6 Oct. 2017 GST Council in its 22nd Meeting at New Delhi has recommended certain facilitative changes to ease the burden of compliance on small and...
Nest GCS -Top 10 SAP ABAP Institutes in Hyderabad Enhanced his Professional Value
As a computer science graduate with an MBA in Systems, Fahim was working as an in-charge of the ERP software implementation and maintenance project of a logistics firm with country-wide presence. The entire...
Recommended Articles
Why Should you Become an IT Consultant
Information technology consultancy or Information technology consulting is a specialized field in which one can set their focus on providing advisory services to business firms on finding ways to use innovations in information technology to further their business and meet the objectives of the business. Not only does...
Read full article >
Learn Hadoop and Big Data
Hadoop is a framework which has been developed for organizing and analysing big chunks of data for a business. Suppose you have a file larger than your system’s storage capacity and you can’t store it. Hadoop helps in storing bigger files than what could be stored on one particular server. You can therefore store very,...
Read full article >
What is Applications Engineering all about?
Applications engineering is a hot trend in the current IT market. An applications engineer is responsible for designing and application of technology products relating to various aspects of computing. To accomplish this, he/she has to work collaboratively with the company’s manufacturing, marketing, sales, and customer...
Read full article >
Learn Microsoft Excel
Microsoft Excel is an electronic spreadsheet tool which is commonly used for financial and statistical data processing. It has been developed by Microsoft and forms a major component of the widely used Microsoft Office. From individual users to the top IT companies, Excel is used worldwide. Excel is one of the most important...
Read full article >
Looking for SAP Training?
Learn from the Best Tutors on UrbanPro
Are you a Tutor or Training Institute?
Join UrbanPro Today to find students near you
