Jul 16, 2020

Top 10 Supplier Relationship Management (SRM) Strategies

Sean Galea-Pace
4 min
SRM
Supply Chain
Having a Supplier Relationship Management Process is key but getting everyone in your company onboard is vital.
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Not all suppliers are made equal, think global - act local...

With the world becoming more connected, it’s becoming increasingly common to deal with vendors scattered across the globe. However, every city, state or country has different rules, laws and terminology. If some of your vendors are located in another country, then you and your SRM specialists should consider cultural differences when communicating with those suppliers. This includes observing and respecting time differences and understanding the mutually beneficial time for communication.

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