Fostering strong supplier relationships can be the key to innovation and creative problem solving. An organisation’s suppliers should be viewed as an extension of their own business, these relationships are significant not only in terms of cost and delivery but also in unlocking creative solutions! Supplier relationship management goes far beyond purchasing transactions, it should form a foundation of collaboration, trust and mutual growth. When we establish genuine relationships, we create an environment where suppliers are motivated to go above and beyond, delivering exceptional value and driving innovation. When suppliers are valued and respected, they become more invested in our success. They are more inclined to share their expertise, insights and innovative ideas that can transform products and processes. When faced with complex problems or faced with unforeseen obstacles, our trusted suppliers become partners in finding creative solutions. You can create a sense of shared purpose if you can maintain regular and open dialogue with your suppliers and if you make it easy for them to interact with your procurement software. #supplierrelationshipmanagement #innovation #collaboration #problemsolving #srm #procurementsoftware #procurement
