Why Medius Supplier Relationship Management?

Track communications to boost compliance Icon
Track communications to boost compliance

Record and track all supplier interactions across the entire organisation so you can ensure compliance

Benchmark suppliers quickly and efficiently Icon
Benchmark suppliers quickly and efficiently

Rapidly build surveys and scorecards to assess supplier performance against key metrics you’ve identified and set

Monitor suppliers using dashboards Icon
Monitor suppliers using dashboards

Compare and contrast vendors with a rich suite of evaluation tools and dashboards to identify opportunities to further develop supplier relationships

Medius Supplier Relationship Management features

Built-in templates and scorecards Image

Built-in templates and scorecards

Build your process for supplier management with our SRM solution. Set up meetings, bespoke  questionnaires, and scorecards using our templates, and schedule it all using our solution to improve  supplier relationships in an organized, meaningful, and tangible way.

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Categorize, segment and organize your suppliers Image

Categorize, segment and organize your suppliers

Bring order to supplier relationship chaos with a tier system. Grade vendors based on how crucial they are. Then, empower your procurement teams to nurture and develop supplier relationships, prioritizing those that bring the most benefit.

Organize supplier meetings quickly and easily Image

Organize supplier meetings quickly and easily

Set up recurring meetings at varying frequencies to nurture supplier relationships and send follow-up communications. A series of automated alerts and reminders ensure you'll never fail to book or attend crucial supplier meetings again.

Organize supplier meetings quickly and easily Image
Instant access to supplier relationships Image

Instant access to supplier relationships

Click to drill down into a list of supplier activities over a specific date range. Probe vendor data on criteria such as communications, company details, planned activities, and other vital statistics - always-on visibility from the highest level to the smallest detail.

Integrate Medius Supplier Relationship Management with your back office

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Rapidly bring together your back-office and third-party systems using Medius Connect. It features:

  • Implement any Medius solution, including Supplier Relationship Management, and then set up connectivity with your ERP or back office system
  • Manage a stable integration with our ERP, using pre-built connectors
  • Monitor connectivity between Medius solutions and other software in a graphical interface.
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Join these organisations who depend on Medius

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Join these organisations who depend on Medius

Benefits of supplier relationship management

Risk assessments

Suppliers can be segmented based on user-defined risk variables, helping to determine which partners present the least risk in the most important areas.

Performance assessments

SRM can allow the user to analyze key performance indicators in order to perform quality assessments.

Regulation compliance

When an SRM works properly, it can use rules engines and compliance scorecards to reduce the burden and improve the success of compliance protocols.

Centralized collaboration and sourcing

SRMs can utilize a central information database to consolidate and distribute contracts, track compliance, and improve collaboration. 

You may also be interested in these resources

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We’d love to be your next supplier you make sweat. Download our guides to find out how

Medius Supplier Information Management Product Guide Listing Image
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We’d love to be your next supplier you make sweat. Download our guides to find out how

What is supplier relationship management?

Supplier management is the process of ensuring maximum value is received for the money that an organization pays to its suppliers. A contract between a supplier and its customer can go through many stages in its lifecycle. Supplier relationship management software, also known as SRM software, can make managing the entire relationship much easier.

Our SRM software systems keep suppliers compliant by monitoring their operations and revealing any poor performance issues. It is designed to manage relationships right through from initial contact to ongoing purchasing cycles. Since the software is managing supplier information rather than customer information, the data has a different focus. It is targeted toward material databases, ratings, and more.