2015_Global SRM Research Report - Supplier Relationships

Best practice : Alan Day and Mel Shutes

To become a customer of choice , our research has shown that

suppliers value three things from a relationship : brand alignment and

association ; money ( revenue and / or profit ); and behaviours that

signal they are a trusted partner . In our experience it is the third area

that makes the largest difference ; yet it often gets overlooked .

In the 2014 report we looked at what questions you should ask your

organisation to ensure you are demonstrating the right customer - of -

choice behaviours . Are you :

• open and transparent ( willing to communicate business strategy , growth and plans )? • an innovation partner ( open to suppliers ’ innovation ideas and able to manage them )? • trustworthy ( acting with integrity ,

reliable and sticking to agreements )?

• trusting ( allowing suppliers to act with integrity , reliable and

sticking to agreements )? • good at communication ( frequent , clear , concise and two - way )? • collaborative ( working together is business as usual )? • fair and reasonable ( seeking mutuality , treating with respect and sharing benefits )?

To display these customer - of - choice behaviours consistently across

your organisation , SRM must be regarded as a business change

programme if it is to be successful . This comes back to senior

stakeholder engagement : the wider business will follow the lead and

behaviours demonstrated from the top . Clear endorsement and

strong , active engagement from C - level executives will pave the way

for SRM value being realised .

Powered by