Supplier Relationship Management | ERP
Summary
How to Tell Your Average Vendors Apart from Your Strategic Allies Supplier relationship management (SRM) is one of those ideas that seems obvious once someone describes it to you. It’s a subcategory of supply chain management, and it basically boils down to an acknowledgement of this fact: “No matter what business you’re in, a certain subset of the vendors you buy from are very important to your success.” The classic example goes like this: Apple’s profits don’t hinge on a continuing relationship with whoever makes their stationery. He presented the idea in Harvard Business Review, in an article called Purchasing Must Become Supply Management. Make sure to record metrics of your SRM program’s success, so that you can detect and adjust the parts that aren’t working. If you want to learn more about some related topics, we have a backlog of posts about ERP implementation, inventory management, and plenty more.
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