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The full form of SRM is Supplier Relationship Management. It is a practice that companies undertake to keep their relationship confidential with suppliers. A well-designed SRM portal helps firms take the right stand on which group of suppliers they need to target.
SRM in Business
Supplier Relations Management (SRM) is a systematic approach to keep a check on all the vendors that have anything to do with the firms. For instance, supplying goods, materials, and services.
An SRM can benefit in many ways.
- Cost optimization
- Risk mitigation
- Top-line growth from supplier innovation
- Operational process improvements
- Preferential treatment from suppliers
Also Read- Full Forms List
SRM in College
SRM is also an abbreviation for Sri Ramaswamy Memorial Institute of Science and Technology, Kattankulathur, Tamil Nadu. It was established in 198, and at the time of initiation, it opened 7 campuses.
The states where these colleges are situated are the following
- Amaravati (1)
- Sikkim (1)
- Sonipat (1)
- Delhi (1)
- Tamil Nadu (3)
The courses it offers are
- MBBS
- Engineering
- BDS
- BBA
- Hotel Management
- BCA
- MCA
- M Tech
- Law
- B Sc
- BA
It is important to note that their most significant university college campus is Kattankulathur Chennai campus. The reasons behind it are the faculty, infrastructure, and laboratories.
Other Important Blogs
We hope we have been able to cover all the important and potential full forms of SRM. For other such full forms, you can visit the full forms page of Leverage Edu. You can connect with us to fulfill the dream of visiting abroad for education.