Supplier Relationship Management

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Supplier Relationship Management (SRM) is gaining attention among corporate executives who recognize its importance, yet many lack a clear understanding of its implementation. The common misconception equates SRM with aggressive tactics to force vendors into price reductions. This book aims to demystify SRM, offering insights into building effective partnerships with suppliers rather than merely focusing on cost-cutting strategies. It explores the nuances of fostering collaborative relationships that can lead to mutual benefits and long-term success.