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WISE
WISE
WISE by Royal 4 Systems is a rules-based warehouse management (WMS) system that is able to support a number of industries, including 3PL, automotive, food and beverage and industrial machinery. WISE helps users manage core wa...Read more about WISE
Warehouse Management System
Warehouse Management System
Geneva Systems offers both an on-premise installation or a hosted installation for full access via the Internet. Multi-Language support allows users to switch between languages on the fly for their international business activitie...Read more about Warehouse Management System
Jesta Vision Suite
Jesta Vision Suite
Jesta I.S. is a leading supplier of integrated software solutions for midsize and large retailers, wholesalers and manufacturers specializing in branded goods, apparel, footwear, hard goods and specialty industries. Jesta's c...Read more about Jesta Vision Suite
Körber K.Motion WMS
Körber K.Motion WMS
Körber's K.Motion Warehouse Management System is an adaptable, process based WMS designed to be tailored to companies' unique business practices. Due to its modular design, users can pick and choose from a suite of applications to...Read more about Körber K.Motion WMS
S2K Warehouse Management
S2K Warehouse Management
VAI’s is an independent software developer and the author of S2K Enterprise, an award winning cloud-based ERP solution utilized by customers operating across the distribution, manufacturing, specialty retail, and service sectors, ...Read more about S2K Warehouse Management
Slingshot Enterprise Business Suite
Slingshot Enterprise Business Suite
The Slingshot Enterprise Business Suite is a web-based enterprise resource planning (ERP) software suite designed to serve mid-sized to large businesses. The system serves retail, distribution, manufacturing, financial services, p...Read more about Slingshot Enterprise Business Suite
ProcureWare
ProcureWare
ProcureWare by eBid Systems is a cloud-based platform that provides a suite of tools to manage supplier relationships. The solution supports the creation of a supplier self-registration process that allows access to a searchable s...Read more about ProcureWare
Fishbowl
Fishbowl
Fishbowl is the #1 manufacturing and warehouse inventory management software! Its powerful inventory control system gives your small or midsize business the exact tools needed to transform your inventory management and scale your ...Read more about Fishbowl
Aravo
Aravo
Aravo is a cloud-based supplier management solution that caters to industries such as automotive, retail, manufacturing, pharmaceutical and life sciences. Key features include workflow builder, supplier portal, form builder and re...Read more about Aravo
Coupa Business Spend Management
Coupa Business Spend Management
Coupa’s cloud-native suite of Business Spend Management applications lets customers gain visibility and control over their spend and supply chains. Customers get an end-to-end process that helps drive collaboration across procurem...Read more about Coupa Business Spend Management
ShippersEdge TMS
ShippersEdge TMS
ShippersEdge is a cloud-based transportation management solution that manages shipping logistics. It helps users manage shipments, submit claims and handle multiple carriers. ShippersEdge helps companies save time and control...Read more about ShippersEdge TMS
Basware
Basware
Basware Procurement Software is a cloud-based system that helps companies buy and pay for goods and services in a paperless way. The solution allows companies to see everything that is being ordered, purchased, and received. It au...Read more about Basware
EC eSourcing
EC eSourcing
EC eSourcing is a cloud-based strategic sourcing solution that helps organizations to formalize information gathering routines which enables them to manage their business operations and meet client's requirements. EC eSourcing ...Read more about EC eSourcing
Sage 500
Sage 500
Sage 500 is a cloud-based ERP solution that offers companies tools for distribution and supply chain, manufacturing and accounting and finance. The ERP financials module offers users tools such as general ledger, accounts parabl...Read more about Sage 500
3PL Warehouse Manager
3PL Warehouse Manager
3PL Warehouse Manager is a cloud-based warehouse management system designed for third-party logistics companies to manage multiple customers, processes and billing schedules. The system enables access to real-time information and ...Read more about 3PL Warehouse Manager
Nulogy
Nulogy
The Nulogy Shop Floor Solution, as part of the Nulogy Multi-Enterprise Supply Chain Business Network Platform, digitizes the production floors of co-packers, contract manufacturers, value-adding 3PL operators, and raw and packagin...Read more about Nulogy
Da Vinci Supply Chain Business Suite
Da Vinci Supply Chain Business Suite
Da Vinci is Wolin Design Group’s cloud-based or on-premise supply chain management (SCM) solution designed specifically for small and midsize 3PLs, internet retailers and wholesale businesses with demanding warehouse, fulfillment ...Read more about Da Vinci Supply Chain Business Suite
BrokerWare
BrokerWare
Brokerware is a cloud-based freight management solution that assists brokers in shipment tracking and payment processing. Key features include carrier selection, customer portal, payment processing and load board integrations. ...Read more about BrokerWare
Nocturne
Nocturne
Nocturne by Healex is a cloud-based supply chain management solution designed for midsize and large enterprises. It primarily caters to industrial products, electronics, aerospace and medical equipment industries. Nocturne al...Read more about Nocturne
AMT ERP
AMT ERP
AMT is a hybrid enterprise resource planning (ERP) solution that caters to small and midsize apparel and retail firms in industries such as clothing, accessories, footwear and electronics and helps them to manage their day-to-day ...Read more about AMT ERP
Popular Supplier Relationship Management (SRM) Software Comparisons
Buyers Guide
Last Updated: November 24, 2022Here's what we'll cover:
What Is Supplier Relationship Management (SRM) Software?
Common Features of SRM Software
Evaluating SRM Software
What Is Supplier Relationship Management (SRM) Software?
A contract between a supplier and its customer goes through many stages through its lifecycle. In order to remain competitive, organizations have to take special care in maintaining efficient and cost-effective partnerships with their partners. The only way to be certain that suppliers are holding up their end of the bargain is to consistently evaluate their performance, a difficult task made easier by SRM software. SRM systems help users keep suppliers on their toes by monitoring their operations and revealing poor performance.
Common Features of SRM Software
Like customer relationship management (CRM) software, SRM is designed to manage relationships from initial contact and throughout ongoing purchasing cycles. However, since you’re managing supplier information, rather than customer information, the data has markedly different focus, including material databases, ratings and more. Users looking for a system with more robust features might be interested in vendor management systems.
Specific SRM features include:
| Performance assessments | SRM programs will allow the user to utilize key performance indicators (KPI) to perform quality assessments and a thorough awareness of deviations. |
| Risk assessments | Scorecards enable supplier segmentation by user-defined risk variables, helping determine which partners present the least risk in the most important areas. |
| Centralized sourcing & collaboration | SRMs use a centralized information database to streamline bidding, consolidate and distribute contracts, track compliance and improve collaboration. |
| Regulation compliance | High-quality SRMs use rules engines and compliance scorecards to reduce the burden and improve the success of compliance protocols. |
Evaluating SRM Software
Global economic trends have had a direct affect on the SRM software market. Over the last few years, more organizations have turned to SRM software to establish new ways to reduce spending and limit risk. In order to maximize supplier performance and get the most out of their spending, organizations are using SRM systems to build informed reports that will give them the advantage during contract evaluation and renegotiation. Meanwhile, the necessity of international relationships has stretched supply chains across the world, and many SRM vendors have improved the functionality of their system to keep up with this trend.
The process of evaluating and mitigating risk has to be more thorough than ever. By assisting users with escalation scenarios and other risk analyses, SRM systems will help users deal with the unforeseen problems of global trade. When selecting your SRM software, ask the following questions:
- Is your organization looking for an on-premise, client/server deployment, or are you interested in the capabilities offered by web-based or cloud deployments?
- Will the system allow you to compare supplier performances using your own set of weighted variables?
- Does the system offer the necessary functionality to meet the unique needs of your organization? For example, can it monitor supplier compliance for the specific regulations that your industry deals with?
- Will the system’s capabilities support your existing corporate frameworks for managing supplier relationships?