Supplier Relationship Management

As the need to maintain quality, coherence and deliver tangible savings across the supply chain has increased, so the focus has turned to procurement departments to realise the benefits through supplier relationship management (SRM). Improving the selection and management of global suppliers is a key issue for many large organisations.

Effective management of the supply base is critical. When companies are confident they are working with the most capable and economical suppliers, processes can be streamlined.
Companies can reap the rewards by managing relationships in a more strategic fashion

Understanding the needs of the client

Their issues range from delivering cost savings to the bottom line; sourcing effectively from low cost regions; working together with suppliers to deliver value for the longer term through to developing talent within the procurement team. These challenges are often intensified by addressing them in complex, international, multi-functional environments.