Strategic & Supplier Relationship Management

Strategic sourcing and supplier relationship management are essential components of effective procurement practices. They involve a proactive and strategic approach to sourcing goods and services from suppliers, as well as building and maintaining strong relationships with them. Strategic sourcing focuses on optimizing the procurement process, achieving cost savings, and ensuring the availability of high-quality products or services. Supplier relationship management aims to foster collaboration, maximize value, and drive continuous improvement through effective communication and relationship-building with suppliers.