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supplier relationship management (Supplier relationship management (SRM) is the discipline of strategically planning for, and managing, all interactions with third party organizations that supply goods and/or services to an organization in order to maximize the value of those interactions. In practice, SRM entails creating closer, more collaborative relationships with key suppliers in order to uncover and realize new value and reduce risk. Wiki Alexander Demidov); supplier management (In one recent project, Mr. Over was helping a U.K. government agency overhaul its supplier-management process. Dangers of Clinging to Solutions of the Past To reach that goal, the purchasing operation uses its tight integration with all the company's business units and research and development efforts as the backbone for its supplier-management and outreach initiatives. Purchasing – Top Stories "The company has overcome its supplier-management problems from a decade ago." Purchasing – Top Stories He also thinks supplier-management systems should address social responsibility. Purchasing – Top Stories. Wordnik Alexander Demidov) |
