State Of Flux Ideas and Insights | Page 8

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. ...

16 Jun 16

Six pillars for successful SRM (Part 2)

In order to affect any significant change in the way supplier relationships are managed, a vast number of people or stakeholders will need to be engaged within your organisation. There are three main groups of stakeholders you need to engage t ...

13 Jun 16

Just rewards

Are you rewarding acts of bravery or performance? (Part 1) So you’re thinking about how you could introduce a supplier recognition or awards programme. In this three part blog Alan Day looks at what questions you should ask before sett ...