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Supplier Relationship / Management


Supplier Relationship Management (SRM) is a comprehensive approach to procurement managing and capturing the post contract value from key business relationships. SRM enables procurement to operate at a strategic level and by adopting a more collaborative approach and developing a closer relationship; this generates more value from the relationship in terms of innovation and efficiency. However, this does involve more time therefore assessment should be carried out as to whether the potential value is greater than the cost of the time required.

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relationship driven supply chain, The

relationship driven supply chain, The

Stuart Emmett and Barry Crocker

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Related concepts

Supplier Relationship Management (SRM)

Frequent interactions and close relationships with suppliers can have a positive effect on the exchange and flow of information and knowledge, and thus can improve...

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Supply Base Management (SBM)

Reducing an organisation’s supplier base is often a key aim of any procurement professional in a new role. It is always assumed ... that aggregation is right and...

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Supply Chain Management (SCM)

SCM is strategic thinking: Effective SCM improves both efficiency and effectiveness in a strategic context (Quiett, 2002)

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Tools and Templates

For more information and context around the models please refer to the Purchasing Models Handbook.

Purchasing Models Handbook