State of Flux defines SRM as follows:
“SRM is a discipline of working collaboratively with those suppliers that are vital to the success of your organisation to maximise the potential value of those relationships.”
SRM consists of collaborative and relationship building activities that are additional and complementary to supplier performance, contract and risk management activities performed throughout the supplier lifecycle.
Over the last fourteen years we have helped our clients better understand their existing SRM capability and develop their SRM programmes. This has been achieved by working collaboratively to blend our subject matter expertise and proprietary techniques with the detailed understanding of the organisational environment that only the client can possess.