"Supplier Relationship Management (SRM) is first and foremost an approach used for engaging with suppliers on a level that reflects the priorities of the customer organisation and how best these needs can be achieved. It is a differentiation process that recognises that not all suppliers are the same and therefore not all customer-supplier relationships should be dealt with through a single strategy.
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Resource Origin: Procurement Leaders / Sigaria Ltd
"Supplier Relationship Management (SRM) is first and foremost an approach used for engaging with suppliers on a level that reflects the priorities of the customer organisation and how best these needs can be achieved. It is a differentiation process that recognises that not all suppliers are the same and therefore not all customer-supplier relationships should be dealt with through a single strategy.