Tag "supplier relationship management"
Supplier relationship management is more important than ever. Increasing market volatility, uncertain political environments and the impact of climate change are all key reasons why organizations need to better manage their supplier relationships. In addition, the global pandemic has further increased the importance of supplier relationship management to business success. With COVID-19, CPOs, CFOs, and supply chain... more
Supply chain leaders were already being tested in recent years by volatile market trends, rapidly changing customer demands, and new and emerging risks to supply chain disruption. The new reality of the global pandemic has introduced even more challenges for supply chain management. Although making use of agility and operational business insights to build supply chain resilience has long been a priority for CPOs, CFOs, and supply chain executives, the pandemic has increased the urgency: 31 percent of CFOs indicated supply chain issues rank as one of... more
Digital transformation has been a strategic corporate initiative for some time. Since the rapid onset of COVID-19, the pressure to transform has accelerated and become mission critical as digital has become the primary—or only—channel for most industries. What is digital transformation? Fundamentally, it is about converting analog processes to a digital format. The result is... more
As the perception of suppliers, their strategic role for the success of a business and the way we interact with them is changing, the role of a supplier relationship manager is gaining more and more in importance. In a world of competing supply chains, a business’ success is automatically tied to the success of its... more
Today, your suppliers are seen as a source of know-how and innovation leading towards a new way of collaborating and interacting with. Effectively managing suppliers, supplier relationships and their information is of growing strategic importance and value. If your organization has a strong supplier relationship management (SRM), collaboration and engagement, you will benefit of a... more