2015_Global SRM Research Report - Supplier Relationships

GETTING C - SUITE BUY IN

Getting stakeholders – in particular senior management –

to understand and champion the benefits of SRM is

critical to itstake - up and success

Effective SRM offers business benefits that go well beyond

boundaries of the procurement function . Improved profitability ,

better risk management and increased innovation are all issues that

boards and leadership teams should be considering in their

assessment of their organisation ’ s progress towards its strategic

goals . This in turn helps SRM to be embedded more thoroughly into

the corporate culture , as discussed on page 26 , and thus to have a

commensurately bigger impact on the bottom line .

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