Apr 102016
 
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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

 

Supplier Relationship Management Goals & Success

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