Procurement is just the first stage in your relationship with suppliers. Long-term supplier relationship management (SRM) is key to getting the most value going forward, but sadly many supplier relationships are reactional due to resource restrictions, only being highlighted when problems are surfaced.
As procurement and SRM experts, we can help you to build strong and resilient supply chains. How? By:
Procurement is rightly focused on compliance, CSR objectives, sustainability, risk and many other objectives that add value beyond just cost savings. However, with continuing uncertain economic outcomes, it is essential for any successful organisation to have an optimised cost structure – and ensure that it is constantly reviewed and challenged to deliver optimum value.
Very few organisations achieve this consistently, due to other relentless business pressures and demands.
Read our eBook to find out why.