Supplier Relationship Management is a strategic approach that aims to create win-win partnerships with key suppliers, ensuring a reliable and cost-effective supply chain while promoting trust and long-term collaboration. It's a vital part of supply chain management and procurement for many businesses.
How can we establish effective communication and collaboration with our key suppliers to ensure that our SRM initiatives are successful?
We've encountered resistance from some of our suppliers regarding our SRM initiatives. How can we overcome this resistance and get them on board?