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SIX PILLARS OF SRM
The State of Flux six pillars of SRM is a model for SRM excellence, developed and refined over a number of years. Our initial SRM research identified key themes and activities that, if effectively combined, were resulting in better SRM practice and outcomes. We developed this into a model that defines the key interdependent elements of SRM. We are confident the value and benefits derived from SRM will increase if the activities described in the six pillars are effectively implemented. You will find our research and report on SRM best practice is aligned to each of the below pillars.
VALUE
_1_ BUSINESS DRIVERS & VALUE
Effective and proactive stakeholder engagement across executives, the business, and suppliers. _2_ STAKEHOLDER ENGAGEMENT & SUPPORT
_3_ GOVERNANCE & PROCESS
_4_ PEOPLE & SKILLS
_5_ INFORMATION & TECHNOLOGY
Measures to develop supplier relationships to be more collaborative, innovative and mutually beneficial. _6_ RELATIONSHIP DEVELOPMENT & CULTURE
SRM value proposition
Creating an effective
Understanding of the required skills and capabilities , organisation structures, job profiles and training solutions.
Optimised use of technology to enable connection, collaboration and value creation across the business and with suppliers.
clearly aligned to business drivers. Value captured and measured.
operating model, and governance and process methodologies and tools.
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