SAP Supplier Relationship Management (SAP SRM) enables you to automate your sourcing functions and expand the role of procurement to the next level of added value in the complete purchasing cycle.

You can use SAP SRM to conduct supplier evaluation and bidding events and tap into new value through better business planning in the following areas:

• Supplier qualification – Identify and qualify new suppliers. With SAP SRM, you can perform ongoing evaluations and select preferred suppliers for particular products and categories. SAP SRM supports demand and market analysis, specification development, and approved-vendor list management.
• Supplier negotiation – Assess suppliers and select the right supplier for a certain product or service. SAP SRM enables you to use auction and bidding techniques for event preparation, requests for quotation, reverse auctions, and bid evaluation and awarding. You can negotiate the terms and conditions without sacrificing quality, dependability, and smooth and efficient operation in the supply cycle.