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Supplier Relationship Management: How to Maximize Vendor Value and Opportunity

Supplier Relationship Management: How to Maximize Vendor Value and Opportunity

Paperback

Business GeneralManagement

ISBN10: 1430262591
ISBN13: 9781430262596
Publisher: Springer Nature
Published: Jun 14 2014
Pages: 192
Weight: 0.64
Height: 0.45 Width: 6.00 Depth: 9.00
Language: English

There's a new buzz phrase in the air: Supplier Relationship Management (SRM). Corporate executives know it's necessary, but there's only one problem. Nobody yet knows how to do it. Or they think it's all about bashing your vendors over the head until they reduce the price another 4%. Supplier Relationship Management: How to Maximize Vendor Value and Opportunity changes all that.

Containing the best and most innovative advice from the operations and procurement experts at consultant AT Kearney, this book shows that SRM is at root a strategic discussion requiring cross-functional interaction and internal alignment at the highest levels. It requires an honest appraisal of the value that suppliers now bring to your firm, as well as their potential value. It then requires a frank and constructive business-to-business dialogue about how to improve the relationship. When this happens, a company reaps myriad benefits, ranging from new opportunity to added value to competitive advantage--and, quite likely, to overall (and sometimes substantial) cost reductions.

This book shows the most concrete methods you can use today to:

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