As the demand for more advanced supplier relationship management (SRM) functionality starts to develop, IT vendors are increasingly bringing to market software that seeks to provide that needed functionality. SRM can generally be broken down into two key segments: transactional and analytical SRM. This brief analyses how SRM can support manufacturers.
Scope
Looks at supplier relationship management software and how it supports manufacturing strategies
Covers manufacturing from a top-level, global viewpoint, and forecasts the revenue opportunity within 16 sub-verticals
Highlights
Transactional SRM is focused on the automation of relatively high volume, low variation processes within key areas such as procurement and contract management. Because of the nature of these interactions, automation provides a significant reduction in the rate of error along with increased gains from data structure commonality and faster throughput
Reasons to Purchase
Understand how SRM technology supports supplier-related strategies within manufacturing companies
Assess the revenue opportunity for SRM solutions across 16 manufacturing industries