What is 'Supplier Registration' in SAP SRM - Supplier Relationship Management?

Supplier Registration - Overview

• Component: SRM

• Component Name: Supplier Relationship Management

• Description: Application that supports the whole process, from first contact by interested suppliers with the purchasing company to the provision of their data in a supplier list. This comprises: Registration of interested suppliers at purchasing company Suppliers assign themselves to product categories. Sending of general and product category-specific questionnaires to these interested parties Screening of the interested parties Provision of data of selected interested parties in a supplier list

Supplier Registration - Details

• 
  Key Concepts: 
  Supplier Registration is a process in SAP Supplier Relationship Management (SRM) that allows companies to register and manage their suppliers. It enables companies to create a database of suppliers, track supplier performance, and manage supplier relationships. The process also helps companies to ensure that their suppliers meet their quality standards and comply with their policies. 
  
  How to use it: 
  The Supplier Registration process begins with the company creating a profile for each supplier. This profile includes information such as the supplier’s contact information, financial information, and quality standards. The company then evaluates the supplier’s performance and compliance with its policies. If the supplier meets the company’s standards, it is approved for registration. Once registered, the company can track the supplier’s performance and manage its relationship with the supplier. 
  
  Tips & Tricks: 
  When creating a profile for a supplier, it is important to include as much information as possible. This will help ensure that the company has all of the necessary information to evaluate the supplier’s performance and compliance with its policies. Additionally, it is important to regularly review and update the supplier’s profile to ensure that it is up-to-date. 
  
  Related Information: 
  SAP SRM also includes other features such as contract management, procurement management, and invoice management. These features can be used in conjunction with Supplier Registration to help companies manage their suppliers more