This is the second column in a series about category management. The previous column addressed strategic sourcing. Nurturing the relationship with suppliers is a critical component of the category ...
Nearshore Americas: Can Strategic Sourcing lead Your Business to Great Collaboration and Innovation?
Sourcing external service providers to reduce costs and increase efficiency is the strategic sourcing baseline for any company. From that starting point companies grapple with how to get the most out ...
Artificial intelligence can play an important role in companies' strategic sourcing initiatives, but there are some key challenges to be addressed, according to Richard Barnett, senior vice president ...
Supply Chain Management Review: Making sourcing more strategic: Negotiating uncertainty during times of turbulence
Supply Chain Management Review: SRM Leaders Outpace Peers On Lead Times, Other Key Metrics
Organizations without formal supplier relationship management (SRM) programs stunningly report 233 percent longer supplier lead times than those with such programs. (See Exhibit 1). Reducing lead ...
Only a few years ago, supplier relationship management (SRM) was generally thought of as a software tool. That’s not surprising as SAP, Oracle, Ariba, and others have offered multiple products that ...
Business Wire: SRM Launches New Website to Highlight Expanded Global Services for Financial Institutions
MEMPHIS, Tenn.--(BUSINESS WIRE)--SRM, a trusted advisory firm focused on powering client performance globally, announced the launch of its new website. Featuring an updated design and user-friendly ...
SRM Launches New Website to Highlight Expanded Global Services for Financial Institutions
Many organizations get SRM wrong. Buyers assume that it’s a special form of negotiation that can lower prices by bamboozling suppliers through the language of partnership. Supplier relationship ...