Supplier Relationship Management Learning Topics

1. Define supplier relationship management and its key components.
2. Describe the history of Supplier Relationship Management, how it has evolved over time, and how the current landscape fosters collaboration, diversification, resilience, and inclusivity.
3. Identify the key benefits companies can gain from utilizing Supplier Relationship Management practices and strategies.
4. Explain the importance of Supplier Relationship Management in the context of Supply Chain Management.
5. Describe the different types of supplier relationships and how Supplier Relationship Management functions within each of them.
6. Describe the different types of supplier contracts and agreements, highlighting their specific purposes in SRM practices.
7. Summarize the challenges and pitfalls companies face when incorporating Supplier Relationship Management practices into their business models and what solutions can be implemented to troubleshoot them.

1. Analyze the reasons and requirements for supplier selections.
2. Prioritize supplier selection criteria based on their relevance to business needs.
3. Assess the advantages and disadvantages of different sourcing methods.
4. Follow the criterion ranking methodology for identifying supplier capabilities.
5. Describe the key benefits of supplier evaluation and how supplier evaluations contribute to the selection of sustainable suppliers aligned with TBL principles.
6. Use supplier segmentation frameworks to strategically allocate time, resources, and investments into supplier relationships.

1. Define Supplier Development and its benefits.
2. Outline the roles and expectations for supplier relationship management.
3. Examine the supplier development process.
4. Recognize Financial Assistance with Supplier Development.
5. Identify factors for supplier collaboration.

1. Define Supplier Performance Management and how it supports the effective management of supplier relationships.
2. Discuss the importance of effective Supplier Performance Management.
3. Follow industry standards and best practices for monitoring, evaluating, reporting, and communicating performance expectations to suppliers.
4. Assess and evaluate the performance of suppliers to make sure expectations are being met, communication is strong, and relationships.
5. Describe what it means to give effective supplier performance feedback to suppliers.
6. Enhance supplier performance and strengthen relationships through proven performance improvement techniques.

1. Define supplier risks and recognize the importance of mitigating them.
2. Identify and assess supplier risks.
3. Outline strategies, policies, and procedures for managing supplier risks.
4. Describe how to monitor supplier risks and why it is important

1. Describe the SRM Framework and why it is important.
2. Effectively manage supplier relationships by leveraging influencing factors, aligning SRM with organizational goals, categorizing supplier-customer relationships, implementing communication strategies, handling conflicts, and recognizing strategic alliances.
3. Build and maintain strong supplier relationships through clear communication, collaboration, and performance monitoring, including implementing effective mechanisms, problem-solving techniques, and innovation strategies.
4. Leverage technology to streamline SRM processes.
5. Analyze case studies of successful SRM implementations to extract real-world examples, lessons learned, and best practices for effective SRM strategies.