What is Supplier Relationship Management (SRM)?

Metro Sign and Awning’s insight:

Supplier Relationship Management is an increasingly important aspect of project management, as well as overall company management. How do you select from a variety of qualified suppliers? We look at the specs of each project to find the best supplier for the job – but there are many variables, including, sometimes, specifications stipulated by the customer. As in so many things, we’ve found good communication (with suppliers, partners, and of course, the client) is the key to success.

Article Excerpt:

This definition explains the meaning of supplier relationship management (SRM), a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. SRM involves both strategy and software to achieve a competitive advantage.

Metro Sign & Awning's Insight
Supplier Relationship Management is an increasingly important aspect of project management, as well as overall company management. How do you select from a variety of qualified suppliers? We look at the specs of each project to find the best supplier for the job - but there are many variables, including, sometimes, specifications stipulated by the customer. As in so many things, we've found good communication (with suppliers, partners, and of course, the client) is the key to success.