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SRM: Stimulating and Managing Supplier Innovation

SRM: Stimulating and Managing Supplier Innovation

This white paper is written for supplier relationship managers to help them create an environment where suppliers are actively bringing new ideas to the table and then screening, selecting and managing those ideas having true joint value potential though to delivery.

Innovation is an important area of focus for a supplier relationship manager because it provides three sources of relationship benefits:

  • New value (above and beyond contract value) for the customer that can potentially flow to the top line or bottom line of the business.
  • Value for the supplier, which may be in a variety of formats such as the potential to secure additional revenue, improved margin and strengthen their sales pipeline.
  • Not so easy to quantify, yet important ‘soft’ benefits for both parties such as greater relationship commitment, information sharing, faster decision making and collaborative working.
  • To learn more download this white paper:
  • By downloading this report you agree to the State of Flux Privacy Policy on the use of your personal information.
  • For more information please contact us on +44 (0)2078 420 600 or email us at enquiries@stateofflux.co.uk.

 

 

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2020 Global SRM Research Report - Supplier Management at Speed.

Now in its 12th year, this year we have seen an increase of 29% in the number of companies responding compared to 2019. In addition, the proportion of respondents at CPO/EVP level or equivalent has increased to over 50%. Learn how now, more than ever before, procurement has the opportunity to make the case for SRM to ensure organisations don’t just survive but thrive.

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