Supplier Relationship Management.

What is Supplier Relationship Management?• Supplier Relationship Management (SRM) is the systematic creation and capture of post- contract value from key business relationships. • SRM provides for a consistent way of interacting and managing suppliers that promotes collaboration and continuous improvement from the supply base. • A comprehensive SRM program can offset supply chain risk, enhance supplier services and support, maintain and improve upon the value acquired during original sourcing event, and even increase top-line revenue growth. • SRM is one of the key aspects/objectives of post award contract management.