Palo Alto, CA January 9, 2002 Due to technology and resource constraints, companies are currently investing heavily in streamlining relationships only with their top suppliers. In response to this trend, SAP Markets Inc., the exchange company of the SAP group of companies, today announced the availability of mySAP Supplier Relationship Management (mySAP SRM). The company said the solution is expected to extend business processes to all suppliers for all purchased goods and services to create collaborative relationships for mutual benefit.
mySAP SRM builds on the mySAP E-Procurement offering, which has more than 1,200 customers worldwide. mySAP SRM offers open integration with both SAP(R) and non-SAP supply chain management (SCM), product lifecycle management (PLM) and enterprise resource planning (ERP) solutions. In addition, it integrates the e-selling solutions of suppliers.
"To provide customers with maximum ROI [return on investment], SRM applications must be designed to openly integrate with any back-end CRM, SCM and ERP system," said Karen Peterson, vice president and research director for supply chain management at Gartner Group. "The SRM solutions that will be the leaders will use exchange technology to enable businesses to integrate and collaborate with their entire supply base."
According to SAP Markets, mySAP SRM also uses technology that give companies the flexibility they need to connect with suppliers of different sizes and capabilities, such as hosted services and an exchange infrastructure, which incorporates B2B integration capabilities from SAP Markets' partner, Commerce One Inc.
Mayur Shah, president of SAP Markets, said, "We have coupled our track record in mission-critical business processes with our expertise in public and private exchanges and e-procurement to deliver a solution that enables companies to transform unmanaged, ad-hoc supplier activities into collaborative, value-driving relationships."