7 Tips for successful SRM
In this webinar, Craig will proceed to share 7 practical, specific, and quickly implementable recommendations that have proved successful in helping to raise organisational capability and strengthen one of these specific relationship types – suppliers. Craig’s intent is to deliver a thought provoking presentation, challenging listeners to review their existing approaches to managing such relationships by discussing amongst other things:
• Why many supplier segmentation models are used too late to be effective
• Why developing well rounded, strategy centric value outcomes are a critical component
• One key criteria that many organisations fail to consider when selecting strategic suppliers
• Alignment and Interpretation – 2 key words which are ultimately the difference between success and failure
“As procurement professionals battle through Covid-19’s heavy burdens, my advice is take full advantage of every opportunity to strengthen relationships – stakeholders, leadership, suppliers, supplier’s suppliers – as those professionals who invest today shall receive recurring dividends in the future.”
The insightful words of one particular buying professional when asked to respond to a recent Supply Management and CIPS poll focused on understanding what changes organisations were proceeding to make in response to the current crisis.