What is the main function of SAP SRM?

The main function of SAP Supplier Relationship Management (SRM) is to manage purchasing processes and supplier relationships. This solution is specifically designed to optimize and enhance the procurement process within an organization. It enables companies to manage suppliers efficiently, streamline procurement activities, and ensure that all purchasing activities align with the organization's strategic objectives.

SAP SRM provides tools for managing supplier information, monitoring supplier performance, and conducting bidding processes. By facilitating better communication and collaboration between buyers and suppliers, it helps organizations to maximize savings and foster long-term relationships with their suppliers. The focus on supplier management and purchasing processes distinguishes SAP SRM from other systems that may have different functions, such as inventory management or direct sales, which are not its primary objectives.