Why You Need SRM
Would you bake a cake with spoiled eggs? Or buy paint without knowing its color? The
same simple principles hold true when it comes to grading the raw materials for
your process. Your documentation clearly indicates the specifications for your product,
deviate from those specs and your product quality will deviate as well.
SRM empowers you with an easy way to grade the quality of raw goods you receive
so that you can be confident that the integrity of your process and products is
stringently upheld.
Are you struggling to reduce the number of vendors on your approved vendor list?
From the very onset of your production, SRM enhances the value of supplier relationships
by grading the stability of the raw materials you receive, which enables you to
develop long-term relationships with a few select suppliers. This helps stabilize
the integrity of your materials while building trust and accountability with your
vendors.
Do you need to manage your supplier network or reduce the number of suppliers in your network all with varied technology infrastructures, resources and geographies?
SRM allows you to determine the stability of your raw materials, no matter how many vendors you use. You will acquire the ability to intelligently reduce your number of suppliers to meet strategic objectives as well as streamline and stabilize the purchasing process.
Do you need to make purchasing decisions based on more than just price?
Sometimes, you get what you paid for and often the lowest price can end up costing
you in defective products and customer discontent in the end. With SRM, you are
able to gain valuable information on the grade of materials in order to eliminate
costly variances before they ever enter your process.
How do you discover trends in specification deviation that still fall within parameters
but could lead to problems in the future?
SRM’s robust and sophisticated execution gives you the ability to grade suppliers
with exact data while limiting the need for costly audits and administrative processing.
Has the sharp rise in input costs caused current profitability to drop below acceptable
levels?
By eliminating raw material variances using SRM, you gain control of your supply
chain, eliminate waste, optimize lean operations and perfect not only your products
but your profit margin as well.