In today’s dynamic supply chain ecosystem, building strong supplier relationships has become a strategic priority for companies aiming to enhance their competitive advantage. Effective management of procurement processes plays a critical role not only in cost optimization but also in ensuring business continuity and sustainable growth. At this point, JetSRM stands out as an innovative supplier portal that digitalizes supplier processes end to end, providing organizations with speed, control, and flexibility.
By offering tailored solutions to the unique challenges faced by different industries, JetSRM enables companies to manage their supplier networks more effectively while also strengthening strategic collaborations. In this blog post, we explore how you can simplify supplier network management with JetSRM and discuss actionable strategies to make this process more efficient.
1. Creating a Centralized Supplier Database
One of the most essential requirements for efficient supplier management is consolidating all supplier-related data in a single, centralized structure. Storing information across fragmented systems makes process traceability difficult and slows down decision-making mechanisms.
JetSRM addresses this challenge by offering a robust solution. From supplier onboarding and master data management to performance tracking, quality evaluations, and contract management, the platform digitalizes the entire process end to end. This enables companies to bring all supplier data together under a unified structure, accelerating workflows while ensuring transparent and reliable supplier management.
2. Automating Supplier Onboarding and Engagement
Manually managed supplier onboarding processes can lead to time loss and data inconsistencies. Digitalizing this process enables faster, more structured, and more reliable operations for organizations. JetSRM offers a self-service, user-centric system where suppliers can directly enter and update their own information. Any change made to supplier data is automatically transferred to the SAP system integrated with JetSRM, ensuring that information is updated in real time across both platforms.
For example, when a supplier revises a delivery date, this update is submitted for the company’s approval within the system. Once approved, the revised delivery date is simultaneously transmitted to SAP and automatically updated.
Delays in such updates can cause planning and production processes to operate based on incorrect dates, leading to delivery delays, inventory risks, and operational disruptions. With JetSRM, these risks are effectively eliminated, enabling processes to continue smoothly and without interruption.
3. Simplifying Supplier Performance Management
Manual systems make it difficult to track supplier performance and reduce consistency in evaluation processes. JetSRM’s supplier evaluation module digitalizes this process, enabling organizations to monitor supplier performance in real time, score and compare suppliers, and analyze results using historical data.
With its advanced and flexible architecture, JetSRM allows companies to define dynamic evaluation criteria tailored to their specific business needs, rather than relying on fixed assessment templates. Based on the defined criteria, the system automatically calculates performance metrics and supports data-driven decision-making processes.
4. Collaborative Procurement and Contract Management
With its Quality and Contract Management module, JetSRM enables buyers and suppliers to collaborate on quality documents and contracts, securely manage documentation, and track contract processes digitally from end to end.
Through its integration with SAP ERP, certifications, analysis reports, and quality documents are stored in a centralized repository, while their validity periods are automatically monitored. This structure also allows supplier performance to be analyzed on a regular basis, supporting compliance, transparency, and more effective supplier collaboration.
5. Supplier Risk Management
Supplier risk management is critical for ensuring business continuity and preventing errors in procurement processes. Collecting bids from multiple suppliers, conducting accurate price comparisons, and ensuring approvals progress correctly are the key steps of this process.
JetSRM enables bids to be collected in a single centralized platform, prices to be evaluated systematically, and approvals to be completed in line with predefined approval hierarchies. Once the budget department’s approval is obtained, the purchase order is automatically created in the ERP system.
By eliminating manual operations, JetSRM accelerates procurement workflows and enables purchasing teams to make informed decisions without delays.
Manage Your Supplier Network End to End with JetSRM
Ensuring a seamless and efficient supply chain requires all processes to be managed in a transparent, traceable, and fully integrated manner. JetSRM brings all supplier-related operations together on a single platform from supplier onboarding and performance management to quality and contract processes, bid and approval workflows, and purchase order management.
Thanks to real-time data synchronization with SAP, information is always up to date, and processes progress in a more controlled and reliable way for both buyers and suppliers. As a result, managing your supplier network becomes significantly easier and more efficient.
Discover JetSRM and simplify your supplier network management.Contact us for more information.
