BestChoice SRM: a simple and practical supplier relationship management system for e-procurement

Supplier relationship management (SRM) is an important contributor to a company’s efficiency and credibility. Although several ways are used to provide SRM functionality, these are often not easily integrated with existing procurement systems. We designed and implemented a practical SRM system called BestChoice SRM and present its design and architecture. It has the core functionality of SRM with the simple adaptability of BestChoice which is a decision support system for evaluating suppliers with the aid of visualized analysis. It allows seamless integration with existing systems and permits flexible strategy changes as market conditions shift. The key to this flexibility is template-based segmentation. Ease of integration was demonstrated through the installation of BestChoice SRM at a major Korean commercial e-procurement agency.

• Type: Conference
• Year: 2007
• Where: DEEC
• Authors: Dongjoo Lee, Seungseok Kang, Sangkeun Lee, Young-gon Kim, Sang-goo Lee
• Keywords: DEEC 2007, Information Management, Practical Srm, SRM Functionality, Supplier Relationship Management