Supplier Relationship Management
Description
Develops and manages strategic relationships with key suppliers to drive mutual value, innovation, and supply chain resilience. This capability moves beyond transactional procurement to create structured partnerships with strategic suppliers, enabling joint planning, shared risk management, and collaborative innovation.
Key Activities
- Supplier segmentation and classification
- Joint business planning
- Supplier performance reviews
- Strategic partnership development
Enabling Systems
- SRM platforms
- Supplier portals
- ERP vendor master