Supplier Relationship Management
Supplier Relationship Management (SRM) is holistic procurement digitalization
Integrated intelligent digital solutions for corporate procurement and transactions which includes supplier management,sourcing and collaboration.
What is Supplier Management?
- Maintaining suppliers info.
- SCORECARD system to evaluate existing suppliers.
- Build dynamic correlation between supplier management and procurement process.
What is Sourcing?
- Provides viewing features of the most competitive price online.
- Provides a digitalized and visualized procurement spending process.
- Able to apply various of tools to reduce the total procurement cost.
What is Collaboration Center?
- Establish the most efficient collaboration channels.
- Implement standardized and automated process to improve supplying efficiency.
HSRM has successfully served 600+ companies in global
S$ 40 Million+
In 2019, contract value of HRSM has exceeded 40+ million SGD
600+ SME turn into enterprise
S$ 200 BILLION TRXN
SRM manages more than S$ 200 billion purchasing transactions every year
More than 200,000 suppliers are using HSRM
Benefits of HAND Supplier Relationship Management (HSRM)
- Via SRM system, we can standardize the process from purchase application to payment in accordance with the dimensions of the category.
- Via SRM, we can achieve automated recording of purchasing process to perform visualization and always easy traceable when there is abnormal transaction happened.
- Via SRM, we can establish a compliance supervision organization to well balanced the procurement authorities. Allocating manpower properly to consolidate the authorities of procurement roles.
- Take advantage of economies of scale to reduce purchase prices.
- Reduce the extra cost that caused by unreasonable or unclear demand.
- Using tools such as bidding, cost details and price library to improve the negotiation capability and reduce the purchasing price.
- Simplify the procurement process and reduce it’s operation cost.
- Improve the quality of suppliers and their delivery process to reduce unnecessary cost.
Boost up order confirmation efficiency by 60%
- Reconciled with suppliers’ SKU, unify SKU code to reduce redundancy.
- More SKU info setting included images for faster & better identification process.
Boost up order processing efficiency by 80%
- Combine ordering application with order placement in one and showing preset prices.
- Auto invoice reconciliation .
- Suppliers register online and submit materials for reviewing.
- Invite interested suppliers to cooperate with and collect related info & documents.
- Support material certification for suppliers.
- Supplier classification based on SI & RA.
- Performance evaluation and grading for suppliers based on system data and scoring.
- Apply supplier development strategy in system to increase their quality.
Permit Risk Management
- Risk scan
- CSR review
- Info security review
- BCP review
- Materials conflict review
Cooperative Risk Management
- Risk monitoring
- Supplier relationship map
- Risk identification
- Risk questionnaire
- Risk management strategy
Visualize every control point in the procurement process with SRM to achieve the real control of all process points in the business field.
Commodity & price center
Demand forecast, category mall, catalog application, packaging application
Contract management, framework, commodity & service order, order coordination
Scheduling & logistics collaboration, delivery coordination, receiving & inventory management
Budget & rebate management, reconciliation, invoice & payment coordination
The increase in the scale of the enterprise supply chain brings more complexity in supplier management, and corporate procurement may not be able to have the holistic supplier information, including master data, performance, and risk profiles.
HSRM achieved centralized supplier management, standardized qualifying process, phase-in, qualifying, development, phase-out in the entire supplier life cycle management. It can establish supplier assessment module to dynamically monitor suppliers’ risk based on different industrial categories, therefore it can automatically analyse supplier performance and make it easy for enterprises to build a premium supplier management system.
Procurement sourcing module covers all pricing behavior of enterprises, it allows user to have flexible choice of RFI(request for information), RFQ(request for quotation), bidding, tender and other sourcing activities according to different procurement scenarios, the corporate procurement cost can be reduced by using the strategic combination of negotiation tools, price history library, automatic inquiry, and etc., so as to have a strategy to reduce procurement costs, in addition, the cloud technology source section contains a large supplier pool, which you can directly
Procurement collaboration module provide seamless cooperation, coordination and collaboration between shipper and supply chain partners in the value chain. All parties can share the demand/supply information, capacity, and delivery information through procurement coordination module, hence improve the overall forecast accuracy, standardize the delivery process, reduce inventory backlog, automatically generate reconciliation report, and greatly improve procurement efficiency.
The procurement mall module integrates numbers of external major procurement platforms. It can perform cross-platform intelligent price comparison based on the procurement of goods homogeneity, functional modules are highly configurable for different combination like “building blocks”, which is suitable for e-commerce procurement in multi-scenarios as well as suitable for integrating enterprise-owned suppliers on a single platform to complete the whole procurement.
Our Solution (Voice from Customers)
Thank to HAND SRM solution, procurement can fully embrace the digital transformation with comprehensive expenditure management and intelligent operational measures across the organization that leads to greater profitability.
General Manger of the Casual Wear, Manufacturer & Retailer