Supplier Relationship Management for a Mature Purchasing Function
Implementing Supplier Relationship Management (SRM)
Sustainable Value Created
- Improved supplier performance, cost reduction and development of sustainable business relationships in today’s dynamic market and working environment
- Development of supplier classification and supplier relationship strategies for top the 100 suppliers
- Creation of a solid SRM framework with clearly defined SLA and KPI’s
- Development of a supplier performance tracking tool
- Capability development
Client Profile
A publicly listed market leader in de automotive sector with an annual turnover of €12 billion.
Project Scope
The company aims to professionalise the purchasing function by implementing supplier relationship management (SRM):
- A solid SRM framework
- Limited complexity to ensure ease of use
- A quick and user-friendly tool to work with
- First results after Q1
Hudicor’s Approach
Step 1: Spend analysis and supplier selection
- Analysis of total spend
- Selection of the top 100 suppliers as a starting point
Step 2: Development of the SRM framework
- Development of supplier classification framework
- Design of supplier relationships & strategies
- Definition of the SRM framework and enablers
- Definition of roles & responsibilities
- Definition of supplier performance metrics (KPIs and SLAs)
- Development of a performance tracking tool
Supplier Relationship Management was a key enabler to bring the purchasing maturity to the next level
Interested in accelerating procurement performance and savings?
