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Supplier Relationship Management


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Supplier Relationship Management [SRM] is the segmentation by buyers of the business relationships with their suppliers.  The process involves reviewing the portfolio of suppliers, categorising supply relationships by their significance, devoting resources in proportion to the relationship’s significance and managing processes between the parties to realise the relationship objectives.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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News & Trends
 

Last update 12 Nov 2021
Output growth slows at start of fourth quarter as supply difficulties provide severe headwind
   Source: Markit /CIPS UK Manufacturing PMI   -  IHS Markit
United Kingdom 


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