ABOUT SRM, STATE OF FLUX AND OUR RESEARCH
VALUE / ADVERT
The SRM Journey
Is cost-driven supplier relationship management the right approach?
Value
Deliver
Collaboration
Value
Implement our capability
People
Process
Tech
Capability
Build our capability
Value Proposition
What do we want to achieve?
Discovery
Where are we starting from?
Understanding
Engagement
Time
The SRM Journey
People, Process, Technology – build our capability
To support companies in making the transition from traditional supplier management practice to SRM, State of Flux has developed a road map to describe the key activities to navigate. Our journey incorporates the ‘Six Pillars of SRM’. These are key to arriving at the destination with an SRM programme that is robust, sustainable and delivering value.
> Skills and competencies required > Skills and competency assessment > Training solutions > Segmentation and treatment strategies > Supplier management foundations (contract, performance, risk) > Governance models > Roles and responsibilities > Enabling technology
Discovery – where are we starting from?
Collaboration – implement our capability
> Internal stakeholder perceptions > Current process frameworks > Use of technology
> Pilot implementation > 360° relationship assessment > Value release > Joint business planning > Customer of choice
> Current relationships > Supplier perceptions
Covid-19 has exposed how fragile cost-driven supply chains and supplier relationships are. State of Flux can help you understand the different approaches possible and identify the most sustainable options for your business to ensure you get maximum value from your suppliers.
Engagement – involvement and support
Value – scale and deliver
> Senior stakeholders > Business colleagues > Suppliers
> Value and improvement work streams > Benefits capture and reporting > Maintaining focus and momentum
enquiries@stateofflux.co.uk srm.stateofflux.co.uk/2020-report
Value Proposition – what do we want to achieve?
Where are you on this journey?
> Create an overarching value proposition > Create the SRM ‘sales pitch’
Contact us to help find out: enquiries@stateofflux.co.uk
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2020 GLOBAL SRM RESEARCH REPORT
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