More and more companies experience the value of Strategic Supplier Management (SRM) from using a Supplier Self-Registration, to capture all relevant documents, insurances and certificates to Supplier Evaluation, Scorecards, Benchmarking, to Assess the Performance, Risk, Sustainability of the suppliers and to develop them further.
Regardless what your company is doing currently in this area, this paper shall show, how SRM on an advanced level could look. It is addressed more for the direct purchasing companies, as mentioned in a previous paper; direct purchasing is mainly seen as the best-practice for overall procurement.