Training on Supplier Relationship Management (SRM) process through workshops. SRM program is managing relationships with suppliers. Supplier Performance Management (SPM) and Strategic Supplier Relationship Management (SSRM) are both part of SRM program. SPM can be used for all classes of suppliers, while joint collaboration and innovation stage utilizes SSRM and is used for Class 1and some Class 2 suppliers. SSRM with Suppliers requires investing time and resources to establish a partnership culture.

SRM Program Enables Many Potential Business Benefits:

• Supplier Segmentation – Analyses class calibration and identifies select Class 1 & 2 suppliers (differential investment in resources)
• Governance – Structures governance and stakeholder engagement
• Performance Management – Links supplier performance with business goals
• Joint Collaboration and Continuous Improvement – Enables mutual value creation and proactively manages risk