What is SRM?

 

Recently, an honest procurement leader asked us the question: ‘What is SRM?’

I think this is a very relevant question, as there seems to be no consensus on what SRM really is. In my experience, you can ask ten CPOs this question and you would probably get ten different answers.

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6 signs you need SRM

Numbers and spreadsheets are not enough: Six crucial signs you need an SRM agenda now!

Currently you may get along well enough using tools such as Excel, online surveys, contract management tools and data warehousing to manage the procurement function. As businesses and procurement evolve and become more complex, so does your relationships with your suppliers. Read more