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Supplier Relationship Management - Acorn PLMS Skip to main content

Supplier Relationship Management

Supplier Relationship Management is the strategic method of developing and managing relationships with external vendors that supply goods, services, or solutions. It involves managing, analysing, and assessing supplier profiles for procurement to enhance efficiencies, reduce costs, and foster quality improvement, ensuring a beneficial, efficient supply chain.

Level 1: Emerging

At an emerging level, you are learning to effectively manage supplier relationships. You understand Procurement basics, beginning to collaborate with suppliers and solving basic issues that may arise.

Level 2: Proficient

At a proficient level you are able to develop and maintain strong relationships with suppliers, ensuring seamless communication and collaboration to meet procurement goals effectively within the organization.

Level 3: Advanced

At an advanced level you are able to cultivate strategic partnerships with suppliers, drive innovation and collaboration, and effectively manage complex negotiations to maximize value for the organization in procurement.

Where is this capability used?

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Procurement