Do you know what you’d do if your most important vendor suddenly stopped meeting your demands? Are you prepared to launch a new product with the suppliers you have in place? If you aren’t sure, you should start by examining your supplier relationship management strategies.
Any good supply chain strategy requires the most accurate and up-to-date information. Without a deep understanding of which suppliers are most important to your company’s success and without a way to evaluate them, you could be in trouble. Similar to how accounting software helps you know where your business’s money is, functional SRM provides an overview of your supplier's risks and strengths.
Ready to learn how the process works and how you’ll benefit from it? Let’s jump in.