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Building a Business Case for Strategic Supplier Relationship Management


Building a business case for investing in strategic Supplier Relationship Management (SRM) can be challenging. It is a matter of measuring value through quantification of financial and relationship results.- By Sherry Bloom

Strategic Supplier Relationship Management (SRM) takes category management to the next level because it builds cross-supplier and cross-business unit relationships. It is a means of providing structure for developing and managing supplier relationships for value creation and encompasses sourcing, marketing, finance, manufacturing and other critical organizational processes that contribute to profitability.

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