Benchmark Your Supplier Management - Return on Relationships

"Supplier Management has moved beyond mere price negotiation and delivery punctuality to a profound shift towards establishing meaningful, strategic partnerships with suppliers" Alan Day, Chairman and Founder at State of Flux.

In light of these changes, the unique theme of the 16th Global SRM Research is 'Return on Relationships'.

Are you getting return on your relationships?

How much, and how effectively, do you engage and collaborate with your suppliers?

What value do you each derive from the relationship, and do you have the right people in place to do this?

Finally, what governance and technology are you using to support the successful operation of your supplier management?

The 2024 SRM Research explores what companies are currently doing to work towards a relationship-first approach. What is working well and what still needs to be done to achieve stronger supplier relationships. Relationships that deliver more than just financial benefits to the organisation, such as risk mitigation, cost optimisation and access to new innovation and products.

Benchmark your supplier management against your peers
By taking the SRM Survey, you will gain critical insight into how your company’s practices compare to those of your peers and identify areas for improvement – and it is free. Click here to benchmark your organisation's supplier management, or visit www.srmsurvey.com.

FAQs

FAQ

Who should participate?
The questionnaire should be completed by those with an involvement in supplier management from the buy side perspective.

What will the information gathered be used for?
Maturity and benchmark analysis: After collating responses, we will be able to offer you a benchmark analysis based on your responses compared to our best practice model and other respondents. All responses remain confidential.

How long does it take and how much does it cost?
The research is estimated to take less than 30 minutes to complete. After analysing the responses, State of Flux will provide participants with a benchmark based on industry peers and a best practice model - free of charge.

For the past 16 years, we have gathered and analysed more insight and data about global supplier management than anyone else in the field - this year is no different.

In addition to providing insight across the six pillars of supplier management, this year's report focuses on "Return on Relationships" (RoR), moving beyond traditional cost-based metrics to encompass the full spectrum of value that strong supplier partnerships can offer.

From risk mitigation and supply chain resilience to driving innovation and sustainability, RoR represents a comprehensive approach to supplier management. Along with case studies and engaging articles from Microsoft, Cancer Research UK, INEOS, Starbucks and Westpac

Maximise Your Return on Supplier Relationships

FAQ

Download The 2024 Research Report - Return on Relationships