Leveraging PeopleSoft Supplier Relationship Management

In order to leverage PeopleSoft Supplier Relationship Management (SRM) to obtain each benefit, a number of steps must be taken to implement what Oracle terms its “integrated suite of procurement applications.”

  • Streamline Procure-to-Pay Processes: PeopleSoft SRM provides that central knowledge base that is so important, particularly if your organization has merged with others, or has cobbled together legacy systems. So much information stays in legacy systems because people are afraid to lose key pieces–and in procurement, that means that one supplier that furnishes a specific item that can’t be found anywhere else on Earth. Implementing SRM, with Belmero’s help, will preserve the legacy information while reducing duplication and deleting conflicting providers. Your organization will finally have a “single source of truth,” where all supply information can be found and used.
  • Reduce Spend: Part of the implementation process will be gathering a comprehensive information set across the entire organization. SRM reduces duplicate purchases, basically establishing a virtual central repository. Economies of scale can be realized by ordering enough of a given item for the whole organization, and tracking usage through the SRM to re-order automatically. Valuable staff time will no longer be spent ordering the same set of supplies individually by every department. Your suppliers have their own portal to access orders, completions, invoice and track payments, as well.
  • Establish Policy Compliance: When ordering must be accomplished through a central system, organizational compliance becomes a matter of programming, rather than endless meetings begging staff to cooperate.
  • Integrate Fully: Belmero’s team provides onsite, hands-on integration implementation as you fully realize PeopleSoft Supplier Relationship Management‘s scope.  We will shape and smooth the connections with your current PeopleSoft applications as necessary.

Contact us at Belmero today to discuss your PeopleSoft SRM solution or other PeopleSoft applications.

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