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What is the Importance of Supplier Relationship Management (SRM)?

QAD

Supplier relationship management falls under the larger supply chain management function your business requires to operate. Not to be confused with supplier risk management, supplier relationship management refers more to effectively managing supplier relationships to achieve better business outcomes.

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What Is Supplier Lifecycle Management & How Does It Help Manage Supplier Performance?

HICX Solutions

Supplier Lifecycle Management (SLM) allows organizations and their suppliers to develop and cultivate more productive and mutually beneficial business relationships. What is Supplier Lifecycle Management? What is the purpose of Supplier Lifecycle Management?

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What is the Role of Suppliers in Supply Chain Management?

ProcurePort

• Efficient and well-ordered suppliers are worth their weight in gold. In an increasingly competitive world, establishing favorable relationships with such high-caliber suppliers is imperative for good business. • But who or what are suppliers? In this post, we are going to answer two major questions: What are […].

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Why Organizational Alignment is Critical to the Supply Chain Response

Supply Chain Shaman

Mondays are my day to post my Shaman blog and compose a podcast. The Shaman blog is now over eleven years old. Over 28,000 readers read this blog. We are trying to assess the value of a network in managing contract manufacturing.) Current Organizational Alignment Let’s take the example of supplier development.

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. We have talked a great deal about the evaulation of suppliers on our blog and this post continues that great tradition.

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What Is Strategic Supplier Management?

EC Sourcing Group

What Is Strategic Supplier Management? Perhaps one of the toughest tasks of all in the entire supply chain and procurement process is mitigating the human factor and evaluating the relationships you have with your suppliers and strategic partners. Strategic Supplier Management: Who Are Strategic Suppliers?

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What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?

Supply Chain Shaman

Supply management. Supply chain management. What do they have in common? The lack of interoperability between decision support platforms is a problem for companies attempting to improve decisions from the channel to supplier bi-directionally through technology. For this blog post, never mind the comparison.