Procurement Terms
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Supplier relationship management (SRM) is a strategic approach to managing an organization's interactions with its suppliers to maximize value and minimize risks. The goal of SRM is to establish and maintain collaborative relationships with key suppliers, which can help improve supply chain performance, reduce costs, and increase innovation. By cultivating strong relationships with suppliers, organizations can develop a competitive advantage and drive sustainable growth over the long term.
Specialism:
Category Management
Supplier Management
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