33:799:301 Lecture Notes - Lecture 7: Supplier Relationship Management, Strategic Sourcing, Strategic Alliance
11 May 2020
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Document Summary
The discipline of strategically planning for, and managing all interactions with the third-party. Chapter 7: supplier relationship management organizations that supply goods and or services to an organization in order to maximize the value of those interactions. Must supply professionals view srm as an organized approach to defining what they need and want from a supplier. Establishing and managing the company-to-company link to obtain those needs. Improving profits and reducing costs using tools such as: Srm is often a part of the rollout of strategic sourcing and is typically applied with suppliers: Providing lesser quantities of a crucial product/service. That serve many business units of a company or organization. Where intensive engineering manufacturing and or logistics interaction is essential. Important to achieving win-win competitive performance for the buyer and supplier. These require a strategic perspective as opposed to a tactical perspective.
