ALSO CALLED: Sourcing, Strategic Sourcing, SRM, and e-Sourcing DEFINITION: Supplier relationship management is a comprehensive approach to managing an enterprise's interactions with the organizations that supply the goods and services it uses. The goal of supplier relationship management (SRM) is to streamline and make more effective the processes between an enterprise and
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SUMMARY:
Explore a service deployment methodology that enables rapid assessment of your supply chain environment or a fast implementation of your supply chain system.
SUMMARY:
Learn the challenges, benefits and varieties of supplier collaboration. Eliminate inefficiencies in your supply chain by synchronizing the information flow with suppliers and customers.
WHITE PAPER: Posted: 21 Feb 2008 | Published: 01 Jan 2006
SUMMARY:
Learn how supplier relationship management (SRM) will help you maintain relationships with suppliers, enabling you to drive down costs and manage risk. Save time and money while receiving the goods and services your business needs.
SUMMARY:By creating standardized, electronic Supplier Compliance Manuals, you can quickly, concisely, and completely communicate the line item requirements you demand your manufacturing suppliers meet as a condition of doing business with you.
SUPPLIER RELATIONSHIP MANAGEMENT DEFINITION (continued): its suppliers just as customer relationship management (CRM) is intended to streamline and make more effective the processes between an enterprise and its customers.
SRM includes both business practices and software and is part of the information flow component of supply chain management (SCM). SRM practices create a common frame of reference to enable effective communication between an enterprise and suppliers who may use quite different business practices and terminology. Supplier Relationship Management definition sponsored by SearchSAP.com, powered by WhatIs.com an online computer dictionary
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