Revisiting Supplier Relationship Management to Boost Real Value in the Supply Chain
Ultimately, a manufacturer’s suppliers are their most valuable asset...however, the ways in which supplier relationships are managed have evolved over the years.
Previously chargebacks (e.g. a retailer mechanism against suppliers for a lack of performance), which levied fines or deductions as a means of corrective action against suppliers, was common practice.
But in today’s competitive environment for sourcing and manufacturing, collaborative and strong working relationships with suppliers are being perceived as a means to actually deliver substantial benefits for the manufacturers and suppliers alike.
Supplier relationship management (SRM) initiatives are on the rise, and companies who successfully implement these programs can realize a significant return on their technology investments. This eBook identifies:
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The importance of supplier relationship management
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Building blocks for better supplier relationships
- The inherent value of SRM
Download this eBook to learn how your company can enhance SRM to boost real value in the supply chain.
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