STATE OF FLUX
2014 GLOBAL SRM RESEARCH REPORT
ARTICLE 161
THE JOURNE Y TO –– Best-in-Class –– SRM TECHNOLOGY ENABLEMENT
© 2014 State of Flux
Technology is an important element of creating sustainable and scalable SRM programmes. Companies are at different stages of their evolution, influenced by the base they start from and the pace of change they are adopting.
ARTICLE BY
Lance Younger, CEO of State of Flux Technologies. Call Lance on +44 (0)2078 420 600 or email him at lance.younger@ stateoffluxtechnologies.com to find out more about SRM technology.
These organisations are seeking both the SRM benefits and the ongoing advocacy of their company’s leadership. Driven by these imperatives, each and every technology-enabled SRM programme will be different. SUPPLIER INNOVATION, COLLABORATION, PERFORMANCE AND RECOGNITION HP epitomises the SRM journey and the continued pursuit of the successful application of technology to empower their internal teams and suppliers to deliver greater benefits from SRM to HP. Collaboration and recognition in turn are key inputs to improved performance and innovation. Bill Myers, Global Supplier Relationship Manager at HP, shared some of his thoughts and the progress at HP.
Q: What are the key actions or initiatives you have taken to improve your SRM information and technology? Bill Myers: In FY14, we underwent a complete transformation of our SRM programme, which now has five distinct modules: supplier inclusion, supplier development, supplier relationship, supplier performance, and supplier recognition. 1. It started with our supplier inclusion module. While we continue to leverage supplier spend and the strategic relationship, we also evaluate the potential of driving additional value in partnership with the supplier if we include them in our SRM programme. It’s about how we can apply our limited resources to drive greatest value for HP – so that factors heavily in our selection process.
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