SRM-Software

SRM software (Supplier Relationship Management software) is a specialized tool that helps companies systematically manage and optimize their supplier relationships. At its core, SRM software manages communication, contracts, performance, and risk assessment of suppliers to build and maintain long-term strategic partnerships.

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This software enables companies to centralize supplier interactions and manage them based on data, providing better insights into supplier risks, compliance, and performance.

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SRM software typically offers features for automating processes, such as supplier evaluations or managing certificates and compliance documents.

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In the German market, the term was largely established through the introduction of relatico. Christian Alsen, founder of relatico, recognized the need for better supplier collaboration in the mid-2000s and created relatico to meet this demand.

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One of Relatico's key advantages is that it provides small and medium-sized enterprises (SMEs) access to tools usually reserved for larger organizations, helping them turn supplier management into a strategic asset.