Samsung SDS
Samsung SDS is actively conducting supplier relationship management (SRM) Software as a Service (SaaS) business in North America, accelerating its global market strategy. Notably, it is executing plans to develop global leading solutions by showcasing its SRM SaaS solution at the Gartner Supply Chain Symposium Exposition held in Orlando, Florida.
According to Samsung SDS on the 9th, they worked with Emro, a domestic AI-based supply chain management software company, to introduce the SRM SaaS solution and various application cases to global customers at this year’s event from May 6th to 8th.
Supplier relationship management (SRM) is a solution that helps effectively purchase items needed for business activities such as materials, parts, labor, and services necessary for product production. It supports all areas from discovering partners, collaboration, evaluation, procurement planning, and risk management.
A Samsung SDS official explained, “SRM SaaS is a solution that manages all areas of purchase through AI technology, which has a significant advantage in the direct purchase sector.”
In particular, it can predict and simulate part costs from the product development stage, using cost prediction and similarity analysis algorithms. It also enables target cost management by-products or organizations. Furthermore, it continuously supports optimized purchasing activities in terms of cost, quality, and partner management during the product production stage through linkage with supply chain planning.
By applying SRM SaaS, the entire process from supply chain planning to logistics execution, procurement, and partner management can be managed on a single platform, enabling a comprehensive understanding of the situation in the entire supply chain at a glance.
Song Hae Goo, Head of Solution Business at Samsung SDS, said, “We are actively conducting business targeting the automotive and high-tech industries in North America. As the excellent technology and business competitiveness of the SRM SaaS solutions were recognized at this symposium, we plan to develop the technology into a global leading solution.”
Meanwhile, the Gartner Supply Chain Symposium Exposition is the world’s largest supply chain symposium, with over 100 companies and more than 3,800 experts participating worldwide.
