Modern-day supplier relationship management is more than just ensuring effective collaboration between procurement, project management teams and operations, and executing tactical pursuits.
New-age supplier management requires companies to be more dynamic and proactive and chase benefits beyond the limits of a contract. Strategies include a series of steps from enhanced supplier segregation to continuous performance improvements.
Our new bulletin — Four Steps to Better and More Effective Supplier Relationship Management — lists four key aspects of a new-age SRM that will help companies boost the value of supplier relationships.
This bulletin is a must-read for procurement leaders who want to ensure they get the best out of their supplier relations and maintain a competitive advantage.