Supplier Relationship Management | Types Of SRM | Objectives Of SRM

Supplier relationship management is the strategic approach to manage all the enterprise relations with the suppliers, those suppliers which provide goods and services to an organization.

There are 3 main types of SRM
a: Transactional SRM
b: Strategic Alliance
c: Joint venture/ Partnership

Benefits of SRM are
a: cost reduction
b: improvement in product quality
c: rapid response from supplier in case of any emergency
d: competitive edge against competitor
e: streamline procurement process


Complete Procurement Management Playlist
Procurement Management

Complete Lean Supply Chain Playlist
Lean Management

Complete Logistics Management Playlist
Logistics Management

Complete Supply Chain Management Playlist
Supply Chain Management

Complete Inventory Management Playlist
Inventory Management

Complete General Management Playlist
General Management

Complete Production Management Playlist
Production Management

#supplychain #supplierrelationshipmanagement #typesofsrm

• #education
• #supplier_relationship_management
• #supplier_relationship_management_tools
• #supplier_relationship_management_system
• #what_is_supplier_relationship_management
• #supplier_relationship_management_process
• #supplier_relationship_management_training
• #supplier_relationship_management_definition
• #benefits_of_supplier_relationship_management
• #supplier_relationship
• #procurement_matters
• #procurement_training
• #procurement_consulting
• #supplier_relationship_management_in_hindi