Supplier Relationship Management (SRM)
Improving Supplier Performance | Supplier Relationship Management
April 2019
Supplier Relationship Management | Did you know?
Supplier Relationship Management enables information exchange and joint problem solving to enhance spend visibility. 75% of budgeted sourcing savings can disappear within 18 months without rigorous, structured supplier management process
Negotiated
Leakage
Lost
Identified
12.0%
Characterized by sourcing activity and negotiated pricing, where savings potential is attainable.
Implemented
9.5%
2.5%
After the contract has been executed, the bank begins to realize the identified savings.
Realized
4.0%
8.0%
Once savings are realized, savings can be lost over time without Supplier Relationship Management
Source: Aberdeen Group: The CFO's View of Procurement
In order for an organization to sustain the benefits of a mature Strategic Sourcing process, a shift of the Supplier Relationship Management function must occur
Typical SRM
? Some understanding of risk ? May not have full redundancy ? Cost reductions ................
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