Supplier Relationship Management
Supplier Relationship Management is a pivotal procurement capability. It encompasses the skills and knowledge necessary to establish, nurture, and monitor relationships with providers. Effective Supplier Relationship Management ensures productive performance, reliable supply chains, and enhances negotiation leverage. Consequently, it bolsters the organization's strategic goals and savings targets.
Level 1: Emerging
At a foundational level you are learning to follow established processes for working with suppliers and supporting simple supplier interactions. You ask questions and seek advice to understand how supplier relationships help the procurement team achieve its goals. Your reliable support helps maintain accurate records and builds trust with colleagues and suppliers alike.
Level 2: Proficient
At a developing level you are building your understanding of how to work effectively with suppliers in line with procurement processes. You seek advice when handling supplier issues and contribute to routine supplier meetings or performance reviews. Your efforts help maintain reliable day-to-day supplier relationships, supporting team objectives and consistent supply.
Level 3: Advanced
At a proficient level you are able to manage supplier relationships with consistency, professionalism, and a focus on mutually beneficial outcomes. You work closely with key suppliers to resolve issues, track performance, and identify opportunities for process or cost improvements. Your actions help strengthen supply reliability and support your team in meeting procurement goals.
