The primary purpose of implementing supplier relationship management (SRM) is to:
The primary purpose of implementing supplier relationship management (SRM) is to:
The primary purpose of implementing supplier relationship management (SRM) is to streamline the procurement process. SRM aims to enhance the efficiency and effectiveness of procurement by improving coordination and collaboration with suppliers. This often involves automating and optimizing procurement activities to ensure that the right products and services are procured at the right time, from the right sources, at the best possible prices. Streamlining the procurement process can result in reduced costs, improved supplier performance, and better overall supply chain management.
The primary purpose of implementing supplier relationship management (SRM) is to identify strategic sources of supply that can provide a competitive advantage for the organization.
I think "streamline procurement process"