The management of commercial relationships with suppliers involves a range of skills and techniques, which will vary according to the specific circumstances of the relationship. Here, author and Cordie director Ian Thompson FCIPS discusses the concept of Supplier Relationship Management (SRM) and how, when prioritised for a few critical vendor relationships, it can add significant value over time. This is excellent revision material for your CIPS Diploma in Procurement & Supply exams!
This video is the first of a two-part series. Make sure to connect with our other clip: Supplier Relationship Management 2.
Cordie is a leading CIPS Centre of Excellence offering in-depth interactive study sessions, supported with comprehensive eLearning.
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