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Supplier relationship management (SRM)

SRM is a comprehensive approach to managing how an enterprise interacts with the organizations that supply its goods and services. The goal of SRM is to streamline the processes between an enterprise and its suppliers. SRM often is associated with auto- mating procure-to-pay business processes, evaluating supplier performance, exchanging information with suppliers, and supplier certification. E-procurement systems also are part of the SRM family of applications.

Supplier relationship management (SRM)

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