Elevate your SRM Journey with a Value Proposition

Unlocking stakeholder support for SRM

A compelling value proposition can make all the difference to get buy-in for your supplier management initiatives. By clearly articulating the strategic value of supplier management, you can win the support and investment needed to drive success.

Discover how our value proposition process empowers you to secure stakeholder backing, ensuring your supplier management efforts deliver tangible results.

 

SRM Value 2024 - 4 Step Plan

Contact us about your 'Value Proposition'

Why conduct a value proposition?

A well-crafted value proposition is crucial for overcoming internal resistance and gaining support for supplier management initiatives. Many organisations struggle to communicate the benefits of supplier management to key decision-makers, leading to missed opportunities and insufficient resources. With a clear, compelling value proposition, you can:
  • Secure stakeholder buy-in for your initiatives.
  • Demonstrate the financial and strategic value of supplier management.
  • Build a stronger business case to support resource allocation.
  • Align supplier management objectives with broader business goals.

Our Approach

Our value proposition process is designed to help you create a tailored, persuasive business case for supplier management investment. We work closely with your team to:
  1. Understand your goals:
    Identify your supplier management objectives and the challenges you're facing.
  2. Craft a compelling value proposition:
    Highlight the tangible benefits of supplier management - whether it’s cost savings, risk mitigation, or innovation potential.
  3. Align with business priorities:
    Ensure that your value proposition resonates with the broader organisational goals, making it easier for stakeholders to see the impact of supplier management.
  4. Present to stakeholders:
    Prepare a clear, persuasive presentation to secure the support and resources needed for success.

The Benefit

By following our proven approach, you’ll be equipped to confidently present your supplier management programme in a way that resonates with stakeholders. With a strong value proposition, you can expect:
  • Increased stakeholder support.
  • Greater investment and resources.
  • Clear alignment between supplier management and business objectives.
  • Stronger relationships with suppliers, leading to better business outcomes.

2024 Events - Business Case Webinar 1

Webinar: How to Build a Supplier Management Business Case

In 30 mins, Alan Day explains how you can develop a business case to gain investment in your Supplier Relationship Management (SRM) capabilities. Answering many interesting questions from the audience to give a deeper understanding of the topic.  
 
View the Recording

The Key to Better Returns: Supplier Relationships

Your investments in suppliers can deliver more than just products, they can drive substantial business returns. Explore our "Return on Relationships" section in the 2024 Research Report to see how strategic supplier management can elevate your bottom line.
 
View Report Section
Return on Relationships Banner

Ways to optimise your Supplier Management

TMB - Voice of The Supplier
Voice of the Supplier: Understanding your organisation from the supplier perspective is vital if you are serious about becoming a customer of choice. 
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Mini-Banner - Segment Suppliers
Segmenting Suppliers: Supplier Segmentation enables you to focus on suppliers that offer the highest potential for ROI.
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TMB - SupplierBase
SupplierBase delivers a centralised hub and real-time view of your supplier relationships. 
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TMB - Performance Centre
Training: For individuals or teams to learn strategies that deliver maximum value from your supplier partnerships.
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TMB - Consulting Services
Consulting: Use our 20 years of experience in supplier management to bring your organisation to new heights.
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TMB - Benchmark 2024
Benchmark your SRM: Identify areas for improvement in your supplier management. Free to participate.
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Mini-Banner - Collective Edge
Collective Edge: Lower your costs on essential spend areas and get rebates by maximising your purchasing power.
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TMB - Sustainability
Sustainability: For the vast majority of companies, their ESG impact is predominantly determined by their supply chain.
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