Supplier Relationship Management (SRM) does not have to be a resource and time-intensive activity to generate value and mitigate risk across the supply base. In this interactive session that includes break-out small group discussions, we will define best-in-class SRM approaches and how to apply these to all types of suppliers. We will review the key concepts in the SIG University Certified Supplier Management Professional (CSMP) Program, outline the different tiers of suppliers based on business criticality and supply base complexity, and discuss what SRM concepts should be applied to each tier. The presentation will include how SRM activities occur in three phases: Sourcing, Contracting, and Governance. Targeted participants are Sourcing leaders who manage various types of supplier relationships.

Contributors: Majel Partners, The Hackett Group
Categories: 2024 Spring - Asheville, Summit Presentations
SRC Type: Sourcing Management, Third Party Management