One Report Identifies Growing Trend in Supplier Relationship Management

Among Strategic Sourcing Groups, Outlines Best Practices

Strategic Sourcing Groups Outlines Best Practices in Supplier Relationship Management
(IndustrialPR.net) Willow Grove, Pa. (June 3, 2014) Soure !ne "ana#e$ent Servies, %%& released
its Su''lier Relations(i' "ana#e$ent (SR") Insi#(ts Re'ort toda), outlinin# t(e *ene+its t(at SR"
'ro#ra$s an 'rovide to an or#ani,ation-s *otto$ line. .(e re'ort, titled /uildin# t(e &ase +or Su''lier
Relations(i' "ana#e$ent, de+ines t(e SR" 'roess and 'rovides road$a' +or suess+ul SR"
i$'le$entation. .(e Soure !ne SR" Insi#(ts Re'ort an *e downloaded at
(tt'011www.soureonein.o$1downloads1SR"2Insi#(ts2Re'ort.'d+
.(e re'ort was develo'ed *) Soure !ne Su''lier Relations(i' "ana#e$ent e3'ert, /rad &arlson.
&arlson is 4iretor o+ Soure !ne-s Su''lier "ana#e$ent 'ratie and (as vast e3'eriene aross
$ulti'le s'end ate#ories inludin# I., +leet $ana#e$ent, reative a#enies, and 'a)$ent 'roessin#
o'erations. 5avin# wor6ed wit( nu$erous or#ani,ations w(ere #a's in su''lier $ana#e$ent were t(e
nor$, &arlson reated t(is re'ort, in 'art, to (el' or#ani,ations understand (ow SR" an e3tend a
su''lier-s value to t(eir o$'an).
7Su''liers an *e ne#leted durin# t(e ourse o+ t(eir ontrats,7 sa)s &arlson. 78nd t(ou#( so$e
o$'anies (ave an in+or$al su''lier $ana#e$ent 'roess, it usuall) la6s t(e +or$alit) and 'roesses
to drive suess. Wit( SR", a *usiness an not onl) *ene+it +ro$ t(e initial sourin# '(ase, *ut also
(el' su''liers re$ain 'roative and en#a#ed to drive olla*oration so t(at t(e) are a*le to add to t(e
sustaina*ilit) and 'ro+ita*ilit) o+ )our or#ani,ation.7
Soure !ne-s SR" Insi#(ts Re'ort is a tre$endous resoure +or an) strate#i sourin# or su''l) (ain
$ana#e$ent 'ro+essional see6in# a *etter understandin# o+ Su''lier Relations(i' "ana#e$ent. .(e
re'ort o++ers insi#(t on t(e *ene+its o+ SR", ti's on (ow to i$'le$ent a 'ro#ra$, and real2world
e3a$'les o+ (ow SR" (el's o$'anies $iti#ate ris6s and redue osts.
8*out Soure !ne0
Soure !ne "ana#e$ent Servies, %%& is a (i#(l) e3'eriened strate#i sourin# and 'roure$ent
onsultin# +ir$, wor6in# as an e3tension o+ lients- tea$s and su''le$entin# t(eir ti$e and resoures
wit( e3'eriene, $ar6et intelli#ene, te(nolo#) and su*9et $atter e3'erts. Soure !ne (as a wide
ran#e o+ o++erin#s, ea( deliverin# tan#i*le results and ost savin#s t(rou#( a 'artners(i'2oriented
a''roa(. :or $ore in+or$ation on Soure !ne, visit (tt'011www.soureonein.o$
:or t(e ori#inal version on IndustrialPR visit0 (tt'011www.industrial'r.net1news1lassi+ied.'(';listin#<133=1
.(is news release was distri*uted *) IndustrialPR.net