Question 1

What is Sustainment SRM?

Accepted Answer

Sustainment SRM is a dedicated tool for sourcing and procurement professionals to manage supplier relationships more effectively. It is designed to help companies automate the RFQ process, compare quotes between vendors, find vendors beyond their existing list, track changes to purchase orders and delivery dates, organize communication by vendor or project, scorecard suppliers, analyze vendor performance and reporting, compile documentation for audits, and exchange information in a shared workspace without having to use a separate portal.

Question 2

How does Sustainment SRM differ from an ERP system?

Accepted Answer

Sustainment SRM is a specialized tool for supplier relationship management, while ERPs are designed to handle a broader range of business functions. Sustainment SRM is built specifically to address the challenges associated with sourcing and procurement, allowing users to streamline their vendor management processes in ways that an ERP system may not be able to.

Question 3

What are the key features of Sustainment SRM?

Accepted Answer

Sustainment SRM offers a range of features to help companies manage their supplier relationships more effectively, including:
- Automating the RFQ process
- Comparing quotes between vendors
- Finding new vendors beyond the company's existing list
- Tracking changes to purchase orders and delivery dates
- Organizing communication by vendor or project
- Scorecarding suppliers
- Analyzing vendor performance and reporting
- Compiling documentation for audits
- Enabling information sharing in a shared workspace

Question 4

How can Sustainment SRM benefit companies?

Accepted Answer

Sustainment SRM can help companies streamline their vendor management processes, leading to increased efficiency, cost savings, and improved supplier relationships. By automating key tasks, providing better visibility into supplier performance, and facilitating collaboration, Sustainment SRM can help companies overcome the limitations of their ERP systems and focus on their core sourcing and procurement needs.

Question 5

How can companies get started with Sustainment SRM?

Accepted Answer

Companies interested in using Sustainment SRM can schedule a demo to learn more about the product and how it can be integrated into their existing workflows. The Sustainment team is available to provide guidance and support throughout the implementation process, helping customers unlock the full benefits of the platform.

Sustainment

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Frequently Asked Questions about Sustainment

What is Sustainment SRM?

How does Sustainment SRM differ from an ERP system?

What are the key features of Sustainment SRM?

How can Sustainment SRM benefit companies?

How can companies get started with Sustainment SRM?

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