Supplier Relationship Management
Logistics
Supply Chain
About the Program
Supplier Relationship Management (SRM) is a critical factor in today’s integrated supply chains. The emergence of global sourcing and supplier consolidation as essential elements of supply management makes the systematic management of supplier relationships imperative. Successful buyer-supplier partnerships require deep understanding, joint value creation and problem-solving. It is about developing new ways of value creation whilst maintaining a professional commercial relationship.
Who Should Attend this Program
SRM course is designed to help practitioners develop the capability and toolset for all aspects of SRM, from an overall governance approach through segmentation, management, measurement, improvement and supplier relationship development. Based around the SRM processes, SRM training is perfect for any practitioner who is involved in managing or interfacing with a supplier, where there is a need to drive increased value from the supply chain or where the relationship and area of supply is so critical that robust risk mitigation approaches are required. Our SRM training builds upon pre-existing training such as Category Management or Strategic Purchasing but can also be delivered to practitioners with no prior experience in this area. The SRM needs of each organization are often different depending on the infrastructure and approach already adopted, and the structure of the supply chain.
Course Content
Adopt a Systematic, Rigorous, Supplier-selection Process
Analyze and Mitigate Risks
Assure Supplier Quality
Deploy Effective Supplier Metrics and Monitoring Systems
Develop and Deploy an Integrated Sourcing Strategy
Engage in Supplier Development Activities
Focus on Total Cost of Ownership, not Price
How to Procure
Implement Category Management Techniques
Interactive Workshop using Practical, Applicable Case Studies
The Need for SRM
Today’s Supply Chains
Utilize Technology Efficiently and Effectively