supplier relationship management
Supplier relationship management refers to the systematic approach and practices adopted by businesses to effectively manage their relationships with suppliers to ensure efficient supply chain operations, increased collaboration, and optimal outcomes for both parties.
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Related Concepts (4)
Similar Concepts
- contract and vendor management
- customer relationship management
- customer relationship management (crm)
- procurement and supplier management
- relationship management
- stakeholder relationship management
- strategic customer relationship management
- supplier collaboration
- supplier development
- supplier performance management
- supplier performance monitoring
- supplier quality management
- supplier relationships
- supplier risk management
- supply chain management