Supplier Relationship Management – (SRM)
Challenges:
The dependence of fast growing construction industry on its suppliers and sub-contractors is increasing. The efficiency of the supply chain is vital to the overall efficiency of the organization. The key challenges include:
The Solution:
To address the challenges, supplier portal can be an effective tool that enables collaboration between suppliers, sub-contractors and transporters by providing customized, partner-specific access to buyer’s content, services and applications through internet. It is a centralized portal which automates the large part of the procurement process. Some of the features are as follows:
