The Components or the SRM are :
Dashboard
- Gives a quick visual overview of orders, deliveries, and invoices.
- Shows different information depending on the user's role.
Inventory and Replenishment
- Tracks stock levels and shows when items are running low.
- Sends alerts so suppliers know when to restock.
- Lets suppliers update their own delivery information.
Purchase Orders
- Lets buyers and suppliers view, confirm, and approve orders.
- Allows suppliers to request changes, which buyers then review.
- Provides reports on open, closed, and overdue orders.
Quotes and Estimates
- Lets buyers request pricing from one or more suppliers.
- Lets suppliers submit their prices and lead times.
- Helps buyers compare responses and choose the best option.
Shipping and Delivery
- Lets suppliers notify the company when a shipment is on its way.
- Tracks items through shipping, receiving, and quality checks.
- Keeps a log of all delivery activity.
Invoices and Payments
- Lets suppliers submit invoices.
- Records payments and shows account statements.
- Stores banking details securely.
Document Library
- Keeps shared files and documents in one place.
- Controls who can see what.
Surveys
- Lets the company create and send surveys to suppliers.
- Collects, reminds, and reports on responses.
Supplier Information
- Keeps supplier details, locations, and classifications organized.
- Offers lists and reports to find suppliers quickly.
Spending and Supplier Reports
- Summarizes how much is spent with each supplier.
- Highlights overdue orders and received goods.
Contact Management
- Maintains contact lists for suppliers and buyers.
- Lets suppliers manage their own contacts.
Supplier Performance
- Scores suppliers on quality and delivery over time.
- Provides downloadable scorecards and reports.