NewTrek Supplier Relationship Management Solution

The NewTrek Supplier Relationship Management (SRM) Solution is incorporated with a wealth of features to catapult the communications and interactions with your suppliers into the internet age. The following comprehensive, standard features of the NewTrek SRM Solution will be further enhanced with functions tailored to the specific needs of your procurement organization.

	Suppliers Management Compliance certification and improvement planning Approved vendor list for all your buyers’ reference New vendors qualification made easy
	Contract Management Standardized contract clauses to benefit from best terms Supplier offer details available on-line Claims, discounts and rebates well managed for higher profits
	Pre-Order Engagement Locate vendors accurately and quickly Manage Request for Information, Quotation, Sample online Messages exchanged with suppliers permanently stored and tied to documents
	Catalog Management All supplier product images and details are up-to-date and searchable online Suppliers can propose new products, which are alerted to targeted buyers only Complete purchase history for every product is accessible instantly by buyers
	Procurement Management Purchase order, shipment and payment cross-referenced and maintained online Automatic interface to other corporate systems: ERP, SCM, warehousing Electronic interchange with partners: banks, logistic agents, inspectors, shippers
	Procurement Intelligence A centralized repository for all suppliers, products and procurement information Controlled accessibility of information to suppliers to enhance supplier quality Information sharing with suppliers: KPI’s, vendor ratings, compliance statuses

The NewTrek SRM Solution assists you to achieve these Supply Chain Management goals:

• Reduce direct and indirect costs and improve bottom-line profitability
• Understand what you are buying and from whom
• Minimize the risk of supply chain disruptions; i.e. to compress purchase cycle time
• Select the best suppliers to gain advantage over competitors.
• Streamline the supply-chain management process by collaborating with all relevant partners
• Assure that your organization’s resources are prioritized on the most critical suppliers

The NewTrek SRM System is a state-of-the-art, web-enabled software solution that allows all participants within your supply chain to communicate, collaborate and transact with each other over the Internet and under a most secured and controlled environment.