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Supplier relationship management (SRM) is the systematic, enterprise-wide assessment of suppliers' strengths, performance and capabilities with respect to overall business strategy, determination of what activities to engage in with different suppliers, and planning and execution of all interactions with suppliers, in a coordinated fashion across the relationship life cycle, to maximize the ...
In 1987, it formed the Minority Business Development Group to assist members with their minority supplier programs. The Report On Business continued to gain recognition as a reliable near-term economic barometer. In 1982, NAPM introduced the Purchasing Manager's Index (PMI) and in 1988 it added diffusion indexes and introduced a graph format.
Supplier diversity programs recognize that sourcing products and services from previously under-used suppliers helps to sustain and progressively transform a company's supply chain, thus quantitatively reflecting the demographics of the community in which it operates by recording transactions with diverse suppliers.
Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, from specification to receipt, payment for goods and services [1] to sourcing production lines where the labor market would increase firms' ROI. [2]
A supplier association is a business term used when a customer ... a variety of benefits facilitating supplier development. ... of improvement programs, or leaking of ...
Supplier performance management (SPM) is a business practice which extends supplier evaluation, [1] and is used to measure, analyze, and manage the performance of a supplier in an effort to cut costs, alleviate risks, and drive continuous improvement. It is a function often associated with third party management. The ultimate intent is to ...
According to the Automotive Industry Action Group (AIAG), the purpose of APQP is "to produce a product quality plan which will support development of a product or service that will satisfy the customer." [1] It is a product development process employed by General Motors, Ford, Chrysler, and their suppliers.
Patagonia has developed a number of programs to ensure sustainability in their supply chain including the Supply Chain Environmental Responsibility Program, which is used to measure and reduce the environmental impacts of manufacturing products and materials at supplier facilities worldwide, [35] and the Material Traceability Program, which is ...