State Of Flux Ideas and Insights | Page 6

Businesses miss $550 billion SRM opportunity

Better understanding of suppliers leads to post-contract benefits State of Flux study finds. Fortune global 500 businesses are losing out on a $550-billion opportunity because of ineffective management of their supplier relationships.

30 Sep 16

Achieving Relational Contracting

Buy-sell contracts typically focus entirely on risk and performance management. Relational contracting requires a wider focus which includes the overall collaborative relationship. This paper highlights why companies should deploy relational c ...

26 Jul 16

Six pillars for successful SRM (Part 6)

The commercial benefits of good SRM are clear: more innovation, better speed to market, greater profitability. The starting point for any organisation that wants to secure these benefits is a well designed business case, but that is not on its ...

21 Jul 16

Six pillars for successful SRM (Part 5)

Technology is an important enabler to creating sustainable SRM. It can facilitate better relationships between companies and suppliers, delivering big gains on both sides. Effective SRM technology can help the bottom line. More than two thirds ...

11 Jul 16

Six pillars for successful SRM (Part 4)

Welcome to part 4 of our blog examining the six pillars of SRM. In this edition we will focus on people and skills. What the people and skills pillar of SRM seeks to promote is a people and skills development strategy that starts long bef ...

28 Jun 16

Six pillars for successful SRM (Part 3)

In part 3 we examine governance and processes which could be regarded as the SRM framework. It should create a structure and rhythm of activities that drive SRM forward and it all begins with a best practice approach to supplier segmentation. ...