Supplier Management is the organization, controlling, and development of supplier and its relationships.
Goals of Supplier Management are:
Supplier RelationshiP Management is a comprehensive approach to managing a Company’s interactions with the goods and services providers.
The goal of SRM is to streamline and make more effective the processes between Company and its suppliers.
SRM is a methodology to structure and support relationships with suppliers that will assist in:
Processes enabled by SRM:
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