Manage

Fostering a relationship so suppliers can excel while meeting obligations.
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What you need to know
  1. Signing a contract isn’t the end of a process but the beginning of your relationship with a supplier.
  2. You should always start as you intend to proceed so you set the framework for a positive relationship.
  3. You should consider a supplier relationship management (SRM) approach to achieve the best procurement outcome.
  4. You also have many reporting and other obligations when it comes to the management phase of a procurement.
  5. Procurement also includes how you dispose of, or repurpose the goods you procure.