Supplier Relationship Management
Example
For example, a company that implements Supplier Relationship Management strategies, like Effective SRM improved procurement efficiency., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
The systematic approach to assessing suppliers' contributions and influence on success. This term is crucial in the Supplier Relationship Management context as it helps businesses understand how to Supplier Relationship Management in their operations, making it highly relevant for industries looking to optimize Supplier Relationship Management processes.
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