JetSRM Supplier Pricing Updates Module
In procurement categories, part prices are updated based on exchange rates, commodity indices, predefined formulas, or macroeconomic data-driven increase requests.
When managed manually, these processes typically involve collecting parameters, calculating new prices in Excel, entering data into SAP, and confirming changes with suppliers via email.
JetSRM’s Price Update Module enables you to digitalize these manually executed processes end-to-end. By ensuring the accuracy and timeliness of parameter data, it eliminates the risk of errors.
Benefits of the Price Update Module
The module digitalizes the entire part price update process within procurement categories, ensuring data consistency and reducing operational risk. JetSRM automates and fully digitalizes price update processes. Price revisions are no longer manual tasks but become structured and manageable workflows.
Centrally defines parameters within the system.
Automatically calculates new prices based on predefined formulas.
Manages internal approval processes and supplier confirmations through the portal.
Automatically updates approved prices in SAP.
Key Features of the JetSRM Price Update Module
Parameter and Formula Management
You can define and control macroeconomic data and pricing parameters directly within the system. The module ensures that parameters remain up to date, formula structures are standardized, and version inconsistencies are eliminated.
Supplier and Internal Approval Workflow
All supplier and internal approval processes can be managed digitally through the portal. Updated prices are communicated to suppliers via the portal; suppliers can approve or request revisions directly within the system. Internal department approvals can also be handled through digital workflows.
Automatic Updates via SAP Integration
Frequently Asked Questions
What is the tangible benefit of managing price updates through a portal instead of email?
Managing price updates through a portal eliminates email traffic, version confusion, and the risk of unapproved prices. All price changes are recorded, linked to an approval workflow, and become fully traceable with historical visibility.
How does the process work when a supplier requests a price revision?
When a supplier receives a price update notification, they can either approve it or submit a revision request directly through the portal. The revision request is automatically routed to the responsible procurement specialist and proceeds according to the predefined approval workflow. Once mutual agreement is reached, the updated price is automatically reflected in SAP.
Is the process complex for suppliers? Is it difficult to use?
No. Suppliers only see the price items assigned to them and can submit approvals or revision requests through a simple interface. Thanks to the user-friendly design, supplier adoption and participation rates increase significantly.