Empowering CPO

MAY 31, 2023

In essence, SRM is a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. The main objective of SRM is to streamline and improve processes between a buyer and its suppliers. Risk Mitigation: As mentioned, part of SRM involves risk management.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. What to evaluate should be related to the requirements of the particular buyer (Knowledge Works, CIPS).

Suppliers 55

Suppliers Management Quality Import 55

ivalua

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings. These are natural partners for a 360º Supplier Relationship Management (SRM) approach. Not ignoring the importance of regular, two-way feedback between buyer and supplier is also key.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52