Six Steps to Build Effective Supplier Relationships
Discover six essential steps to enhance your supplier management practices and maximize the value of your supplier partnerships.
Solutions
Create, Manage and Map Categories
Analytics, Reports, Dashboards, Cubes and much more
Register, Onboard and Manage Suppliers
Achieve LkSG compliance with MeRLIN
Never miss a critical contractual milestone
Streamline P2P processes with Workflows, Awards, POs, Supply Management & Receiving
Manage the Complete Lifecycle from RFx to Sourcing
Enable Sourcing Strategy Execution by Creating, Managing and Reviewing Projects with Multiple Stakeholders
Industry
Use Cases
Engineering Collaboration, PLM, ERP Integration, Demand Consolidation
Deep Dive into Spend Patterns for Greater Savings
End to End Solution for R & D establishments
Complete Lifecycle Management of Contracts - Creation, Authoring, E-Signature and Contract Milestones
Comprehensive Source to Procure Solution
Analyse Cost, Spend, Suppliers etc. Create Custom Reports & Dashboards
Analyse Cost, Spend, Suppliers etc. Create Custom Reports & Dashboards
Drive Cost Savings & User Adoption
A Comprehensive SRM System that streamlines Vendor Management
Compliance Requirements Configuration by Region or Category
Intuitive Onboarding with Self-Service Registration Process incorporating Compliance Needs
Supplier-Category-Region-Mapping, Periodic Validation and Updates
Extensive Supplier Intelligence Including Third Party Data to Analyze Supplier Performance
MeRLIN’s Supplier Management offers a unified view of all supplier information, including compliance monitoring and risk, simplifying supplier data management. Its intuitive interface makes it easy for Suppliers to self-register and complete the compliance survey. The rule-based approval process significantly speeds up the onboarding process, saving time and reducing errors.
Discover six essential steps to enhance your supplier management practices and maximize the value of your supplier partnerships.
Monitor performance, leverage analytics and enhance collaboration for effective supplier relationship management.
Discover strategies to secure the bottom-line faster, strengthen your supply chain resilience and ensure uninterrupted operations.
Supplier Relationship Management (SRM) is a systematic way of assessing and identifying suppliers who are crucial to a business and developing strategies to maintain successful relationships with them. It refers to all the business processes and activities that deal with the entire lifecycle of a supplier for an organization and seeks to utilize supplier relationships to gain mutual benefit on the business profits.
It includes various activities such as identification, selection, and management of relevant suppliers by evaluating their performance continually to ensure they are providing maximum value for the organization’s requirements.
Thus, Supplier Relationship Management (SRM) plays an important role in supply chain management because of two primary reasons – to ensure your suppliers are performing well in order for you to achieve maximum value from them and to identify areas of improvement for optimal performance while you engage with suppliers throughout the lifecycle through regular communication and feedback or supplier development programs.
There are several benefits of using a supplier relationship management solution. It essentially offers a platform to manage your suppliers more effectively by providing 360-degree information throughout the entire lifecycle from onboarding to enabling seamless collaboration to building strong relationships as well as for taking corrective actions if required. Some of the major benefits of using and SRM solution for managing suppliers are:
Onboarding a new supplier is a simple procedure with MeRLIN’s user-friendly interface.
You can send an invite to a supplier from MeRLIN’s buyer portal. Once the supplier receives this invite link, he can register by submitting his details via MeRLIN’s supplier portal. The registered supplier names will be displayed on your buyer portal as interested suppliers. After the interested supplier gets approved by the buyer team, the supplier gets onboarded.
Buyers could also fill the registration form on behalf of a supplier and also edit/modify registration information submitted by a supplier. Automated workflows and ability to configure business rules for compliance verifications in MeRLIN substantially speed up the on boarding process while saving time and minimizing mistakes.
MeRLIN makes it simple to configure business rules based on country-specific requirements for onboarding your suppliers. All mandatory criteria for a supplier can be verified automatically based on their location/country. You can mandate document submissions as per item category, check certification requirements, etc using business rules.
Supplier information management (SIM) is a systematic process of collecting, authenticating, verifying, storing, updating and analyzing all data related to suppliers.
MeRLIN’s SRM solution provides a consolidated view of all supplier-related information and streamlines supplier data management. It manages supplier profile and regulates the document submission and certifications according to the item category. Suppliers/Buyers can update supplier information from the supplier or buyer portal respectively. It also features flexible supplier dashboards that offer advanced search, filtering and reporting options for the purpose of viewing and managing supplier information.
MeRLIN’s supplier performance management solution can help you in evaluating and tracking the performance of your suppliers and their Supplies. Expeditors, at the time of marking items and services as received, can assess the shipment based on various configurable parameters. The software allows you to leverage supplier analytics to compare and assess supplier performance against organizational benchmarks, monitor and analyze KPIs, assess supplier risk exposure levels and take informed decisions, gain insights to mentor preferred suppliers or identify and act upon non-preferred suppliers, and much more.
Uncover meaningful insights from your sourcing data and trends that translates to new opportunities for savings and growth.
Vetri celebrated three years as CEO of MeRLIN Sourcing in June 2023. His vision spearheaded the transformation of the company internally through modernization and HR transformation and externally with the promise of delivering value to customers and putting them at the heart of the MeRLIN Sourcing business and product development strategy.
Vetri built his career in global software businesses over the last decades. Seasoned professional with a global perspective, spanning the Americas, Europe, and Asia, and a diverse industry background across EPC, Defense, manufacturing, automotive, and life sciences industries.
A firm believer in the principles of doing well by doing good, he won his two awards as the IT Executive of 2014-2015 and 2016-2017 in Europe. He is a highly regarded global thought leader in the IT and cloud software industries and is an active investor/advisor for emerging companies. He is known as a leader who builds and motivates world class teams, champions diversity, and exudes a deep passion for how technology can transform the workplace and empower individuals.
Dr. Werner Breuers completed his studies in chemistry at the RWTH Aachen University with a doctorate. He began his professional career in 1989 as a chemist at Hoechst AG in Frankfurt in the research and development department.
After managerial positions at Hoechst AG, Dr. Breuers took over management of the license and catalyst business at the polyethylene manufacturer Elenac GmbH in Kehl in 1999, which became part of the Basell group a year later. As a member of Basell’s Executive management team, he headed the global Technology Business division based in Milan and most recently served as President of Basell Polyolefins Europe based in Amsterdam.
Dr. Breuers has also been a member of the Board of Management of LANXESS AG since May 14, 2007 and was responsible for the Performance Polymers and Advanced Intermediates business units. His responsibilities and strategic operations also include the functional areas of Global Procurement & Logistics, Innovation & Technology and Industrial & Environmental Affairs. He has been board of several other companies and has also served as trustee of RWTH Aachen University and currently advising and supportinfg the growth of MeRLIN Sourcing in Europe.
Oliver Scheffert is an experienced entrepreneur with a successful completed doctoral program in business administration and a master’s degree in International Business Studies. He held management positions at Microsoft for nearly 13 years, receiving prestigious awards for exceptional leadership and results like the Circle of Excellence Platinum Award. Notably, Oliver led the ISV business unit in Germany to a billion-dollar revenue stream.
He later served as the General Manager/Managing Director at Aparavi Software Europe GmbH and recently founded CNSLT Partners GmbH, a strategy and management consultancy, leveraging his extensive specialist knowledge to help IT companies achieve lasting success.