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SRM (Supplier Relationship Management)
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Supplier relationship management (SRM) for Dynamics Ax is a comprehensive approach to managing an enterprise's interactions with the organizations that supply the goods and services it uses. The goal of SRM is to streamline and make more effective the processes between an enterprise and its suppliers in the same way as customer relationship management (CRM) is intended to streamline and improve processes between an enterprise and its customers.
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| Dynamics Ax SRM |
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| SRM for Dynamics Ax was developed by Axnosis, and is integrated with Microsoft Dynamics Ax. SRM allows you to improve collaborative relationships with your suppliers. Independent studies have shown that companies with good supplier relationships outperform companies that do not. In the long run, embracing suppliers and building sustainable, workable relationships with them is far more profitable than pressuring individual suppliers for marginal cost reductions. |
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The components of SRM include amongst others:
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- Purchase & Stores Requisitions
- Request for Quotations (RFQs)
- Commitment Accounting
- Contract Management
- Vendor Management
- Workflow for Dynamics Ax
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| SRM for Dynamics Ax, has been developed as means to improve the procurement functions within an organization. As part of this value-added offering, users are now able to communicate their requirements electronically. Tightly linked with workflow, the organizations can translate their authorisation rules into an electronic hierarchy which is used for the approval of transactions. This enforces compliance with spending limits by ultimately checking requests against budgets. |
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| Negotiating with suppliers is a crucial step in the procurement cycle. Through use of the RFQ module in Dynamics Ax, properly qualified suppliers can be invited to submit proposals for provision of materials or services, according to outlined requirements. Automated analysis of bids received, enables you to select the winning supplier based on pre-defined criteria. All relevant documentation (invitation to bid, congratulatory letters etc. are quickly and easily generated by the system. |
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