What is Supplier Relationship Management?
Effective Supplier Relationship Management (SRM) concerns a company’s interactions with suppliers of goods and services. SRM can include strategic sourcing, procurement, receiving of goods and services, and financial settlement.
Combining our in-depth understanding of the needs of the industry with the capabilities of SAP's mySAP SRM software, Absoft provides an implementation service specifically focusing on oil and gas SRM solutions.
Absoft’s SRM solutions
Supplier Relationship Management is critical to competitiveness in the upstream oil and gas industry.
Using SAP solutions specifically developed for the oil and gas industry, Absoft can help you streamline your procurement processes, as well as lowering costs, and increasing productivity. We have extensive experience in SAP software and the upstream oil and gas sector, and our SRM solutions are implemented quickly and cost-effectively. This specialist SAP consultancy and implementation service delivers valuable business benefits including:
Benefits for operators
Absoft’s SRM solutions help make sure materials and services are in the right place at the right time, and the strategic sourcing functionality can also reduce addressable spend.
Benefits for service sector companies
For service sector companies providing outsourced service management, the adoption of SRM solutions is set to become an important competitive differentiator.
Benefits for suppliers
SRM means active involvement in supply chain management processes, leading to stable client relationships, and prompt billing and payment.