Supplier Relationship Management (SRM)

You’ll understand the value that SRM can unlock for your business

Learn the foundations, behaviours and organisational commitment required to implement and sustain SRM

Understand and know how to use the tools to bring SRM to life in YOUR business

Who should attend this course?

• Business or Procurement leaders that want to get more value from their supply base

• Procurement leaders who intend to deploy an SRM approach now, or in the future

• Those who are thinking about how to increase competitive advantage through leveraging their supplier base

• Introduction - What is SRM really all about?

• Identifying the need - how to know if supplier management can help

• All-in to win - the role of the organisation in supplier management

• The 7 benefits of effective supplier relationship management

• The carrot - What are the potential benefits for the supplier?

• The key components that will unlock value from your supply base

• How can SRM help you reduce scope 3 carbon emissions?

• The 9 types of supplier relationship

o Practical strategies for each relationship type

• Setting objectives - what are you trying to achieve

• Supplier segmentation - Who should you really be working with?

• How to set up the right SRM governance

• How are we going to measure this - the methods for tracking progress

• Practical application - how to embed the activity

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