This ebook provides you with a range of ideas on cost reduction and how it can be done in your business. Even if your business is not suffering during this crisis, this e-book is still relevant and offers you more opportunities to create greater cost savings, as you will have more levers to offer suppliers to gain cost reductions in return.
This e-book is based on a research on the subject and many years of practical experience working in procurement and with suppliers. It was written because we saw many procurement leaders being unsure of how to establish and manage a value creating supplier relations management (SRM) program.
This assessment is to help you better understand the benefits of building an SRM program. It will take you through your process including costs and expenses related to your business to get an estimation of the value created.
Today supply chains compete against supply chains, which means your suppliers should be part of your battle against your competition. You only get them to join this battle by engaging them and working with them towards greater value creation. This is the reason why we made this e-book to help you get your suppliers and stakeholders engaged.