SRM stands for Supplier Relationship Management.
It's very effective for the companies which has large
number of users whom can directly purchase the material
using the Shopping Cart screen for which the materials can
be selected from the available Catalogs.
It's a extended form of ERP where data gets transferred
between SAP R/3 and the SRM screen(vice versa)which will
work in Internet so that the every Vendor coordination will
be more better and which will fully avoid the paper work
and unwanted confusions.
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