Manage
Build a relationship with suppliers so they can excel while meeting obligations.
What you need to know
- Signing a contract isn’t the end of a process but the beginning of your relationship with a supplier.
- You should always start as you intend to proceed so you set the framework for a positive relationship.
- You should consider a supplier relationship management (SRM) approach to achieve the best procurement outcome.
- You also have many reporting and other obligations when it comes to the management phase of a procurement.
- Procurement also includes how you dispose of or repurpose the goods you procure.
- Learn how to implement and manage your procurement arrangement.