What is Simmeth?

Supplier Relationship Management (SRM) involves all initiatives focused on optimizing the efficiency, quality, speed, and cost-effectiveness of product development, manufacturing, and distribution through better collaboration with suppliers and their related partners. This concept emphasizes that SRM not only enhances the strategic procurement process but also improves the overall performance of the organization, thereby reinforcing its competitive edge in the market. The benefits of proficient SRM can be seen in faster market entry, greater innovation in both processes and products, reduced expenses, careful selection of suppliers and materials, and a notable reduction in costs associated with failures. Despite these advantages, there are numerous arguments against adopting SRM, often resulting in superficial supplier assessments that merely meet fundamental audit standards. These objections typically stem from operational difficulties, such as a lack of resources regarding expertise, time, budget constraints, technological infrastructure, and manpower. Therefore, it is essential for organizations to understand that the investment in SRM is likely to produce considerable long-term returns that far exceed the initial challenges faced. Ultimately, embracing SRM can transform supplier interactions into strategic partnerships that drive sustained growth and innovation.

Integrations

No integrations listed.

Screenshots and Video

Simmeth Screenshot 1

Company Facts

Company Name:
Simmeth
Date Founded:
2002
Company Location:
Germany
Company Website:
www.simmeth.net/en/strategic-purchasing/supplier-relationship-management/

Product Details

Deployment
SaaS
Training Options
Webinars
On-Site Training
Video Library
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Simmeth Categories and Features

Supply Chain Management Software

Demand Planning
Electronic Data Interchange
Import / Export Management
Inventory Management
Order Fulfillment
Order Management
Sales & Operations Planning
Shipping Management
Supplier Management
Transportation Management
Warehouse Management