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:
The importance of supplier relationship management
Building blocks for better supplier relationships
Download this eBook to learn how your company can enhance SRM to boost real value in the supply chain.