Resource Origin: David Atkinson
“The media has been dominated by horror stories of supply chain failure over the past several weeks. Boeing’s Dreamliner lithium battery fiasco caused worldwide groundings of aircraft whilst the company threw all resources at solving the problem, getting planes flying again, and rebuilding trust in the brand.
Right now, in the U.K. at least, our newspaper front pages and TV news top stories are all about unlabeled horse meat finding its way into beef products. Both are dramatic examples of a failure to control supply chain quality, and of inadequate supplier management.
Despite an increasing number of organisations embracing supplier relationship management (SRM) in recent years, most implement programs with insufficient skills and capabilities at their disposal, and a lack of understanding of the capacity or bandwidth required to assure sustained success.
In my work training or consulting with clients, and lecturing to MBA students in procurement and supplier relationship management, a number of general principles (axioms, if you like) have emerged that procurement leaders find useful when…”
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Original Source: https://findtheedge.com/general/10-guiding-principles-for-successful-supplier-relationship-management
Contributors: Open SourceCategories: Industry Articles, SIG U Resource
SRC Type: Sourcing Management