Supplier Relationship Management
Recent global events have highlighted how dependent organisations are on their supply chains to deliver to their customers. Identifying and managing supplier risks has never been so important. Managing suppliers in a consistent and proportionate way can be a source of significant value. Having a cohesive and robust Supplier Relationship Management Programme is no longer optional.
Todays Key Challenges
01
Increased supplier risks
Supplie The type and severity of risks within the supply chain have significantly increased over the past few years. These need to be identified and mitigated through appropriate supplier risk management practices.
02
Regulatory oversight
Unforeseen events can leave businesses over budget with the need to deliver savings urgently Regulators expect suppliers to be managed proportionately to the inherent risk they pose. Expectations on the level of supplier management that should be in place have increased and organisations are expected to create resilience within their supply chains.
03
Inadequate supplier relationship management processes & sytems
Often there is no formal Supplier Relationship Management process or individual business units have their own approach or process. Supplier information is kept on local drives and there is no visibility of performance or adherence to the any Supplier Relationship Management standards.
How we can help
Our proven methodology has been developed and refined for over 20 years. We begin by segmenting suppliers using criteria adjusted to fit your business. This will help rank suppliers in terms of risk levels and strategic importance.
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Having reviewed your current Supplier Relationship Management practices against our methodology we will identify any gaps and provide recommendations on how the process can be improved.
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Once agreed upon, we will then create a framework that fits and select a business area to pilot it on, before rolling it out across the organisation
