The secret to Implementing Supplier Relationship Management

Описание: Supplier Relationship Management is one of the most challenging Procurement concepts to implement. But, it might just be the most crucial concept.

COVID19, War across Europe, and Global Supply Chain disruption have meant that suppliers now have the leverage in any relationship. I heard horror stories during the pandemic of suppliers suddenly gaining leverage over the customers that had pummelled them on cost savings to breaking point who changed their position and wouldn't do business with those customers.

Supplier Relationship Management is a concept that focuses on improving supplier relationships to improve risk management, pricing, and innovation.

In this video, we cover:
00:00 Intro
00:30 Dinosaurs of Procurement
01:02 Jenny, the Worst Procurement Pro
01:52 Low-Value Procurement Work
02:35 3 Important Questions
03:26 Beyond Cost Savings
04:27 Segmenting your Suppliers
05:20 Awesome Conclusion

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#procurement #supplier #supplychain