Supplier Relationship Management Overview
S²RM: Supplier Relationship Management by SourceSolution
SourceSolution understands that the decision to outsource critical projects, whether they are drug product development projects performed by a Contract Manufacturing Organization (CMO)or a Contract Research Organization (CRO) or facility construction and validation services, are among the most important decisions your company makes. SourceSolution's Supplier Relationship Management system, S²RM, is a cost-effective, web-based solution that allows you to create custom RFPs or questionnaires, collect and search responses and track projects from start to finish. Historically, SRM systems have only been accessible to large organizations with the resources to purchase, customize, implement and maintain complex enterprise systems. The total cost of ownership (TCO) of many enterprise systems can be hundreds of thousands of dollars for many organizations. With the advent of cloud computing and Software-as-a-Service options it is feasible for all companies, large and small, to leverage these tools to make better decisions while reducing the time and money spent on the process.
Request for Proposal (RFP) Automation
SourceSolution understands that few complex purchase decisions are made solely on RFP responses. RFPs provide a way to prioritize your evaluation of potential partners by understanding which ones have appropriate experience, facilities, regulatory compliance and equipment required to complete your project. Collecting this information using emailed documents is inefficient. Many companies spend a lot of time and money on the RFP process. Click here to see how much your company will spend on the RFP process this year. Our software streamlines this process so that your team can spend more time on evaluating potential partners.
S²RM allows you to create customized Requests for Proposals (RFPs) online. The suppliers that you invite can complete and store RFP responses in your secure, searchable database. Once responses are entered, you can download them into standardized PDF and Excel formats so that you can make an apples-to-apples comparison of capacity, capabilities, pricing and turnaround time.
SourceSolution's S²RM may be used to purchase and manage complex projects including:
Project management software can be very complicated. Sometimes only a few individuals in the organization have access to and know how to use the software. This limited access makes many desktop solutions ill-suited for project collaboration. SourceSolution believes that outsourcing software should be simple to use and accessible to everyone on the project team.
The project management features inlcuded in S²RM offer a secure way to transmit and store sensitive project information. You can manage all aspects of outsourced projects from contract negotiations through delivery of reports and project data. The system allows you to exchange documents with external partners, track versions by create date and author, assign tasks, manage total project budgets and payment schedules with internal teams and with external partners including CMOs and CROs, equipment vendors, contractors and other service providers.