Supplier Relationship Management for a more mature purchasing function
Implementing supplier relationship management
Sustainable value created
- SRM helps achieve improved supplier performance, lower costs and develop sustainable business relationships in today’s evolving markets and working environment
- Development of supplier classification and supplier relationship strategies for top 100 suppliers
- Creation of a solid SRM framework with clear SLA and KPI definition
- Development of supplier performance tracking tool
- Capability development
Client Profile
A publicly traded multinational that spends over €12 million on tyres every year.
Project Scope
The company wishes to professionalise the purchasing function by implementing supplier relationship management (SRM):
- Solid SRM framework
- Not too complex to make it easy to use
- A quick and easy tool to work with
- First results after Q1
Hudicor’s Approach
Step 1: Spend analysis and supplier selection
- Analysis of the spend
- Define top 100 suppliers to start with
Step 2: Develop SRM framework
- Development of supplier classification framework
- Design of supplier relationships & strategies
- Define SRM framework and enablers
- Define roles & responsibilities
- Define supplier performance metrics (KPIs and SLAs)
- Develop 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?
