A Holistic Approach To Realizing Sustained Results

Topics:
Supplier Evaluation
Tags:
Business Operations,
Channel Management,
Marketing,
Montgomery Research Inc.,
Procurement,
Purchasing & Procurement,
Strategic Sourcing,
Supplier Relationship Management
Source:
Montgomery Research

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Overview: While strategic sourcing point initiatives have provided significant benefits to date, an integrated supplier relationship management approach is needed to fuel sustainable, cross-enterprise cost savings. . Many of these companies have already zeroed in on the sourcing process and purchased software tools or run hosted e-auction events that have yielded measurable results. Today's leading businesses are shifting their focus from strategic sourcing and other procurement point solutions to a more holistic approach. Rather than singling out individual procurement functions for improvement, companies are adopting integrated, cross-enterprise frameworks for supplier relationship management (SRM) to maximize bottom-line benefits.

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Format: HTML | Date: Jul 2003 | Pages: 1

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