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Supplier Relationship Management


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of

 

Supplier Relationship Management [SRM] is the segmentation by buyers of the business relationships with their suppliers.  The process involves reviewing the portfolio of suppliers, categorising supply relationships by their significance, devoting resources in proportion to the relationship’s significance and managing processes between the parties to realise the relationship objectives.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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