Reporting Supplier performances is a breeze in SRM systems. Both supplier and customers can review the up to date performances online. Sometimes SRM systems come with Supplier Performance Dashboard providing all the evaluation tools to determine the suppliers' performance. Product quality, fill ratio, delivery performance and spend analysis are a few examples of this type of data that can be extremely valuable to companies' supply chain experts. In some Internet-based SRM solutions, the entire supplier base can be electronically visible for near real time supplier inventory views, immediate order placement, unconfirmed purchase order notification, purchase order confirmation and past due shipment notices.

Finally, SRM systems should be able to convert Request for Quotations (RFQ) to purchase orders when required.

How well you expedite the procurement process in any industry can be mission critical to your business. With virtual Supplier Relationship Management (vSRM) how you purchase, when you purchase and what you purchase is directly related to how much your company can save. vSRM provides robust tools that let you consolidate procurement activities, while reducing operating costs and minimizing inventories.