EFFECTIVE SUPPLIER RELATIONSHIP MANAGEMENT – KEY TO BUILDING A RESILIENT SUPPLY BASE
Supplier Relationship Management is a systematic approach to evaluate
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
Configurations, Workflows, Exceptions Roles, Rules, Delegations & Integrations
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
Automate Business Process with Workflows and Exceptions
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
Supplier-Category-Region-Mapping
Extensive Supplier Intelligence to Analyze Supplier Performance
MeRLIN’s Supplier Management offers unified view of all supplier related information and simplifies supplier data management. Its intuitive interface makes it easy for Suppliers to self-register and the rule-based approval process significantly speeds up the onboarding process, saving time and reducing errors.
Supplier Relationship Management is a systematic approach to evaluate
W.Edwards Deming , an eminent author once said-“You must have a
How to Avoid Disruptions in your Supply Chain? Supply
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.
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