{"id":12475,"date":"2012-01-31T10:26:27","date_gmt":"2012-01-31T10:26:27","guid":{"rendered":"https:\/\/www.techopedia.com\/definition\/supplier-relationship-management\/"},"modified":"2012-01-31T10:26:27","modified_gmt":"2012-01-31T10:26:27","slug":"supplier-relationship-management","status":"publish","type":"definition","link":"https:\/\/www.techopedia.com\/definition\/28070\/supplier-relationship-management-srm","title":{"rendered":"Supplier Relationship Management"},"content":{"rendered":"<h2><span id=\"what_does_supplier_relationship_management_mean\">What Does Supplier Relationship Management Mean?<\/span><\/h2>\n<p>Supplier relationship management (SRM) is a process in business by which an organization systematizes its interactions with individuals or organizes the delivery of raw goods and services. <\/p>\n<p> SRM can be implemented through software, making it possible for organizations to effectively perform business transactions, request goods or services and automate the entire process<br \/>\nbetween the organization and its suppliers.<\/p>\n<h2><span id=\"techopedia_explains_supplier_relationship_management\">Techopedia Explains Supplier Relationship Management<\/span><\/h2>\n<p>As part of the overall supply chain management process, SRM is typically implemented as an enterprise software application, spreading to a set of departments such as marketing, production and others that have at least some interaction with the organization\u2019s external suppliers.<\/p>\n<p> SRM includes features such as supplier registration and management, the creation of documents such as a request for proposal (RFP) or request for information (RFI), the procurement of new products or services, managing a catalog, providing centralized management and, in most cases, providing remote access to third-party suppliers under a policy-based limited authorization mechanism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Does Supplier Relationship Management Mean? Supplier relationship management (SRM) is a process in business by which an organization systematizes its interactions with individuals or organizes the delivery of raw goods and services. SRM can be implemented through software, making it possible for organizations to effectively perform business transactions, request goods or services and automate [&hellip;]<\/p>\n","protected":false},"author":7813,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"definitioncat":[231,230,228],"class_list":["post-12475","definition","type-definition","status-publish","format-standard","hentry","definitioncat-it-business-alignment","definitioncat-privacy-and-compliance","definitioncat-risk-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Supplier Relationship Management (SRM)? - Definition from Techopedia<\/title>\n<meta name=\"description\" content=\"This definition explains the meaning of Supplier Relationship Management and why it matters.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supplier Relationship Management\" \/>\n<meta property=\"og:description\" content=\"This definition explains the meaning of Supplier Relationship Management and why it matters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techopedia.com\/definition\/28070\/supplier-relationship-management-srm\" \/>\n<meta property=\"og:site_name\" content=\"Techopedia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techopedia\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@techopedia\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techopedia.com\/definition\/28070\/supplier-relationship-management-srm#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/definition\/28070\/supplier-relationship-management-srm\"},\"author\":{\"name\":\"Margaret Rouse\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/f5dd538e31ee352d105b8af36c4268a5\"},\"headline\":\"Supplier Relationship Management\",\"datePublished\":\"2012-01-31T10:26:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/definition\/28070\/supplier-relationship-management-srm\"},\"wordCount\":167,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techopedia.com\/definition\/28070\/supplier-relationship-management-srm#respond\"]}],\"articleSection\":\"\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techopedia.com\/definition\/28070\/supplier-relationship-management-srm\",\"url\":\"https:\/\/www.techopedia.com\/definition\/28070\/supplier-relationship-management-srm\",\"name\":\"What is Supplier Relationship Management (SRM)? 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