Supply Management | February 2015
Supplier relationship management (SRM) is undergoing a major transition. Gone are the days where simply managing spend and finding the best deal possible within your supply base is enough – or easy.
In today’s global economy there are so many factors to consider when choosing and managing a supplier, that it can quickly become overwhelming. Thankfully, there’s new technology out there that helps to automate and simplify the process, making it easy for you to make fast, informed decisions about your suppliers. And the results are impressive: companies focused on SRM lead their peers five to one in terms of value derived from their supply base.