Supplier Relationship Management

/Supplier Relationship Management
Supplier Relationship Management2017-09-28T10:24:11+00:00
Outperform SRM - Supplier Relationship Management Oil & Gas

OutPerform SRM – Supplier Relationship Management Oil & Gas

OutPerform SRM – Supplier Relationship Management (SRM)

Supplier Relationship Management (SRM) is the Supply Chain discipline of strategically planning and managing all interactions with third party organizations that supply goods and/or services to your organization in order to maximize the value of those interactions within your supply chain.

Supplier Relationship Management is a long-game strategy, which can deliver significant benefits and mitigate supply chain risks as it is implemented. This requires careful planning focused on an intimate knowledge of the supply market and internal organisation and how they need to work together to be efficient and effective.

Central to this is the ability to coordinate multiple procurement processes such as strategic category management, supply base management and supplier performance measurement. It is the coordination of multiple activities within a structured framework that leads to levels of performance not achievable through other methods. It also means that these take time to deliver. The hunt for instant results is a naive one and will never lead to long-term sustainable performance.

The OutPerform SRM Advisory Team work with your company to ensure that you are creating closer, more collaborative relationships with key suppliers in order to implement best practices that uncover and realize new value add while systematically reduce supply chain risk.

Areas of Expertise within Supplier Relationship Management include:

 


 SRM Best Practice Articles :


 

For a Free 20 minute (no obligation) discussion call click here and we will contact you to arrange a suitable date and time for a brief tele call.

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