What is Supplier Relationship Management?
• Supplier Relationship Management (SRM) is the systematic creation and capture of post-contract value from key business relationships.
• SRM provides for a consistent way of interacting and managing suppliers that promotes collaboration and continuous improvement from the supply base.
• A comprehensive SRM program can offset supply chain risk, enhance supplier services and support, maintain and improve upon the value acquired during original sourcing event, and even
increase top-line revenue growth.

• SRM is one of the key aspects/objectives of post award contract management.

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