Strategic Sourcing Groups Outlines Best Practices in Supplier Relationship Management

June 4, 2014 - PRLog -- (IndustrialPR.net) Willow Grove, Pa. (June 3, 2014) – Source One Management Services, LLC released its Supplier Relationship Management (SRM) Insights Report today, outlining the benefits that SRM programs can provide to an organization’s bottom line. The report, titled Building the Case for Supplier Relationship Management, defines the SRM process and provides roadmap for successful SRM implementation. The Source One SRM Insights Report can be downloaded at http://www.sourceoneinc.com/downloads/SRM-Insights-Report.pdf

The report was developed by Source One Supplier Relationship Management expert, Brad Carlson. Carlson is Director of Source One’s Supplier Management practice and has vast experience across multiple spend categories including IT, fleet management, creative agencies, and payment processing operations. Having worked with numerous organizations where gaps in supplier management were the norm, Carlson created this report, in part, to help organizations understand how SRM can extend a supplier’s value to their company.

"Suppliers can be neglected during the course of their contracts," says Carlson. "And though some companies have an informal supplier management process, it usually lacks the formality and processes to drive success. With SRM, a business can not only benefit from the initial sourcing phase, but also help suppliers remain proactive and engaged to drive collaboration so that they are able to add to the sustainability and profitability of your organization."

Source One’s SRM Insights Report is a tremendous resource for any strategic sourcing (http://www.sourceoneinc.com/sourcing_services.html) or supply chain management professional seeking a better understanding of Supplier Relationship Management. The report offers insight on the benefits of SRM, tips on how to implement a program, and real-world examples of how SRM helps companies mitigate risks and reduce costs.

About Source One:
Source One Management Services, LLC is a highly experienced strategic sourcing and procurement consulting firm, working as an extension of clients’ teams and supplementing their time and resources with experience, market intelligence, technology and subject matter experts. Source One has a wide range of offerings, each delivering tangible results and cost savings through a partnership-oriented approach. For more information on Source One, visit http://www.sourceoneinc.com

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