Supplier Relationship Management
Supplier Relationship Management Best Practices can greatly help to optimize your supply chain.
Supplier Relationship Management – (SRM) is the discipline of strategically planning for, and managing, all interactions with third party organizations that supply goods and/or services to an organization in order to maximize the value of those interactions. Here is the rest on Wikipedia.
- “The beginning is the most important part of the work.” ~ Plato
- “Every breakthrough business idea begins with solving a common problem. The bigger the problem, the bigger the opportunity. I discovered a big one when I took apart an IBM PC. I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts.” ~ Michael Dell