Supplier Relationship Management (SRM)

Supplier relationship management (SRM) is the process of identifying the suppliers that are critical to a business and implementing a system of managing relationships with those key suppliers. As supply chains become more complicated, the need to develop clear, measurable ways to evaluate how every supplier either contributes to or detracts from the success of a business is more important than ever before.

Your entire business is based on the first stages of production, which in turn depends on your relationship with suppliers and the mechanism for organizing dealing with them; A task like that requires a high degree of professionalism, along with a great deal of intelligence and experience in dealing.

Through the supplier relationship management course, we will help you create successful relationships that will last forever, so that you can move your company forward without fear of disrupting or stopping your business.

At the end of the Supplier Relationship Management course, you will be able to understand the correct handling mechanism to achieve the highest level of productivity and quality. You will be able to understand the purchasing management strategy as well as operations management. How do you deal with supplier management and what are the effective means to apply it?

By the end of this course you will be able to understand:

• Why SRM?

• What is SRM?

• SRM Components.

• SRM Elements.

• SRM Categorization

• SRM Process

• SRM Benefits

• SRM Types & Solutions

• How to Implement SRM

• SRM Potential Drawbacks