SRM means Supplier Relationship Management. Essentially this talks to having a process or series of processes to ensure that we work with our suppliers to make sure they 1) deliver what was in the contract and 2) (preferred) they continually develop their offering through innovation to deliver more for less. We may focus our SRM program on suppliers deemed to be failing, or alternatively suppliers where we feel additional value may be delivered with extra care and attention.
SRM means Supplier Relationship Management. Essentially this talks to having a process or series of processes to ensure that we work with our suppliers to make sure they 1) deliver what was in the contract and 2) (preferred) they continually develop their offering through innovation to deliver more for less. We may focus our SRM program on suppliers deemed to be failing, or alternatively suppliers where we feel additional value may be delivered with extra care and attention.