Master SAP SRM: Revolutionize Supplier Relationship Management
Course Overview:
SAP Supplier Relationship Management (SAP SRM) is a powerful tool designed to streamline the procurement process, manage supplier relationships, and enhance overall supply chain performance. SAP SRM helps organizations optimize their sourcing, procurement, and supplier collaboration efforts, leading to reduced costs, improved supplier performance, and better compliance with business processes.
In the SAP SRM course at Encode-IT, you will gain comprehensive knowledge and hands-on experience in configuring and using SAP SRM to optimize supplier management, procurement, and sourcing. This course covers everything from supplier registration, purchase requisitions, and order management to advanced topics such as supplier evaluation, sourcing strategies, and integration with other SAP modules like SAP MM (Materials Management), SAP S/4HANA, and SAP Ariba. SAP SRM is particularly beneficial for procurement specialists, supply chain managers, and consultants looking to enhance their expertise in supplier management and procurement operations.
Salary Potential in India:
SAP SRM professionals are highly valued for their ability to optimize procurement and supplier management. In India, the average salary for SAP SRM consultants ranges from ₹8,00,000 to ₹18,00,000 annually, with experienced professionals, especially those with expertise in SAP Ariba integration, commanding higher salaries. The increasing adoption of digital procurement tools in various industries means that SAP SRM experts are in high demand across sectors like manufacturing, retail, logistics, and IT.
Placement Assistance and Certification:
At Encode-IT, we provide placement assistance to ensure that you can leverage your new skills to secure a rewarding job. This includes resume support, interview coaching, and job referrals to top organizations. After successfully completing the course, you will receive an Encode-IT certification in SAP SRM, validating your proficiency and helping you stand out in the competitive job market.
Course Curriculum:
- Introduction to SAP SRM
- Overview of SAP Supplier Relationship Management (SRM)
- Key Features and Benefits of SAP SRM
- SAP SRM Architecture and Integration with Other SAP Modules
- The Role of SAP SRM in the Supply Chain and Procurement Process
- Key Terminology in SAP SRM: Suppliers, Purchase Orders, Contracts, and Sourcing
- Supplier Registration and Management
- Supplier Master Data Management: Creating and Maintaining Supplier Records
- Supplier Registration Process in SAP SRM
- Categorizing Suppliers and Managing Supplier Relationships
- Setting Up Supplier Evaluation Criteria and Rating Systems
- Managing Supplier Contact Information, Payment Terms, and Contracts
- Procurement Process in SAP SRM
- Creating Purchase Requisitions and Purchase Orders
- Managing Purchase Order Lifecycle and Approval Workflow
- Managing Goods Receipt and Invoice Verification
- Vendor Selection and Sourcing Strategies
- Monitoring and Reporting Procurement Performance
- SAP SRM Integration with SAP MM (Materials Management)
- Integrating SAP SRM with SAP MM for End-to-End Procurement Processes
- Purchase Order Management and Goods Receipt in SAP SRM
- SAP SRM and SAP MM Master Data Synchronization
- Managing Inventory and Stock through SAP SRM and SAP MM Integration
- SAP SRM and MM Integration for Supplier Collaboration
- Sourcing and Procurement Strategies
- Introduction to Strategic Sourcing in SAP SRM
- Configuring and Managing Auctions, RFQs, and RFPs
- Sourcing Optimization with SAP SRM
- Supplier Negotiations and Contract Management
- SAP SRM and SAP Ariba Integration for Digital Sourcing and Procurement
- Supplier Collaboration in SAP SRM
- Overview of Supplier Collaboration Features in SAP SRM
- Supplier Self-Service Portal and Supplier Communication
- Collaboration for Purchase Order Management and Invoice Processing
- Real-Time Supplier Collaboration Using SAP SRM and SAP Fiori
- Monitoring Supplier Performance and KPIs
- Supplier Evaluation and Performance Management
- Configuring Supplier Evaluation Criteria and Metrics
- Supplier Rating and Supplier Performance Analytics
- Evaluating Supplier Risk and Compliance Management
- Setting Up Supplier Audits and Performance Reviews
- Using SAP SRM Analytics for Supplier Insights
- SAP SRM Reporting and Analytics
- Overview of Reporting Tools in SAP SRM
- Creating Reports on Procurement, Supplier Performance, and Contracts
- Using SAP Business Warehouse (BW) for SRM Analytics
- Key Performance Indicators (KPIs) for Supplier and Procurement Management
- Implementing Dashboards for Procurement and Supplier Performance
- Advanced Topics in SAP SRM
- Integrating SAP SRM with SAP S/4HANA for Real-Time Data and Enhanced Performance
- Managing Supplier Contracts and Compliance in SAP SRM
- Configuring and Managing Catalogs and Shopping Carts in SAP SRM
- Extending SAP SRM Functionality with SAP Fiori
- Leveraging Mobile Applications for Supplier Collaboration and Procurement
- Case Studies and Hands-On Projects
- Case Study: Implementing SAP SRM for a Global Manufacturing Firm
- Hands-On Project: Configuring Supplier Registration and Master Data Management
- Real-World Project: Managing Procurement Processes from Purchase Requisition to Invoice Verification
- Supplier Collaboration: Setting Up Supplier Portals and Communication
- Final Project: End-to-End Implementation of SAP SRM for Supplier Relationship Management
Key Features of the Course:
- Tools & Platforms: SAP SRM, SAP MM, SAP Ariba, SAP Business Warehouse (BW), SAP S/4HANA
- Real-World Applications: Supplier Registration, Procurement Management, Supplier Performance, Sourcing Strategies
- Interactive Learning: Hands-On Labs, Quizzes, Case Studies, and Final Exam
- Capstone Project: Complete SAP SRM Implementation for Supplier Relationship Optimization
Upon completing the SAP SRM course at Encode-IT, you will possess the skills necessary to manage and optimize the entire procurement process, improve supplier collaboration, and contribute to the overall efficiency and cost-effectiveness of supply chain operations. Whether you’re managing supplier relationships, implementing sourcing strategies, or integrating SAP SRM with other enterprise systems, this course will empower you to play a pivotal role in optimizing supplier management and procurement for your organization.
