New Trends in SRM
Balancing Short-Term Cost Pressures with Long-Term Benefits of Collaborative Supplier Relationships
03 April, 2012 | (01 hr)
In our current challenging economy, procurement professionals are under tremendous pressure to extract short-term cost savings from suppliers. Yet such efforts are often highly counterproductive over the long-term. In order to stay competitive, organizations need to be able to work with suppliers in a structured and strategic fashion to reduce costs over both near and long-term time horizons, spur innovation, ensure continuity of supply, and secure preferential access to unique supplier assets and expertise.
During this webcast, you will hear how leading companies are using SRM to balance the pressures of containing costs with the ability to foster supplier relationships that are based on transparency, trust and the establishment of long-term mutually beneficial engagements.
In viewing, participants will...
- Learn how to use SRM to optimally balance competitive pressure with collaborative engagement across the supply base
- Explore ways to engage suppliers to drive near-term cost savings without damaging important relationships
- Gain an understanding of the methods to drive cost savings through joint innovation
- Uncover the ways to gain buy-in and support from internal business partners and senior leadership to enable more strategic engagement with suppliers
Audience: The webcast is intended senior executives in supply chain, sourcing, procurement, finance, strategy, and operations to learn how to best leverage relationships to drive greater value.
Jessica Wadd is a Senior Consultant with Vantage Partners, LLC where much of her work focuses on the firm’s Supplier Management practice. During her time with Vantage, Jessica has worked with several firms across the financial services... Full Bio
Cathy has worked at the Kellogg Company for 25 years. Most of those years have been involved with suppliers from the plant environment through to the corporate strategic initiatives. Her passion is mutual alignment and value for both t... Full Bio