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QAD SUPPLIER RELATIONSHIP MANAGEMENT (SRM)
Transform Supplier Relationship Management with QAD SRM
- The complete solution to optimize costs and improve the performance of your supply chain
- Empower your company with an integrated and efficient solution for supplier management
What is QAD SRM?
QAD SRM (Supplier Relationship Management) is a comprehensive solution designed to optimize the relationship between companies and their suppliers, centralizing and automating critical processes to ensure an agile, transparent and efficient supply chain. Focused on continuous improvement of procurement and supply chain, QAD SRM provides:
Automating the collection, storage and updating of essential information.
From supplier selection to contract negotiation and completion, with support for RFIs, RFQs and e-auctions.
Facilitating communication between manufacturers and suppliers, with full visibility into orders, shipments, invoices and compliance.
Integrating with trusted ESG sources, helping companies achieve sustainability goals and minimize supply chain risks.
With QAD SRM, companies can reduce costs, ensure regulatory compliance and improve supply chain performance, resulting in more strategic and agile decisions, in addition to improving supplier relationships at every stage.
Key Benefits of QAD SRM
QAD SRM facilitates better negotiation with suppliers, using advanced sourcing tools such as e-auctions, and helping to reduce the cost of purchased products. This includes minimizing expenses related to premium freight and excess inventory.
The solution enhances the supplier qualification process by automating onboarding and providing full visibility into each supplier’s performance and compliance, mitigating supply chain risks.
QAD SRM helps companies meet environmental, social and governance (ESG) requirements by ensuring suppliers are compliant with regulatory and sustainability guidelines.
From gathering supplier information to organizing essential documents such as contracts and non-disclosure agreements (NDAs), QAD SRM automates critical activities, improving efficiency and reducing cycle time.
QADSRM provides a cloud-based digital platform that facilitates real-time communication with suppliers, ensuring everyone in the supply chain has access to the latest information such as orders, shipments and replenishment requirements.
QAD SRM Functionalities
- Flow Start Purchase Requisition The process begins with the purchase request, where the procurement team defines the items and suppliers needed.
- Step 1 Supplier Data Collection QAD SRM automatically collects and organizes supplier information using centralized databases and documentation to ensure that all suppliers are properly qualified.
- Step 2 RFQ (Request for Quote) Automation The system automates the sending of RFQs to suppliers, allowing the definition of requirements and the collection of electronic quotes. This step includes the management of RFIs and contracts.
- Step 3 Supplier Selection Based on responses to RFQs and negotiations, QAD SRM helps select the ideal suppliers, using algorithms to optimize selection criteria and customizing auctions to ensure superior results.
- Step 4 Order and Shipment Monitoring QAD SRM provides full visibility into the status of orders from inception to delivery. This includes real-time tracking of shipments and receipt of goods, allowing everyone involved to see the process.
- End of the Flow Delivery and Performance Assessment After delivery of products or services, QAD SRM performs an assessment of supplier performance, allowing companies to continually improve their partnerships based on data and KPIs.
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