SIX PILLARS OF SRM
People A people development process that includes clear role definitions, identifies and assesses the requisite skills and competencies, and provides need-based training. Is the SRM role properly defined? Is SRM reflected in the role profiles of others in the organisation? Do you understand what skills and competencies the role requires? Have you evaluated current skills
and competencies and developed training and personal development solutions? Is SRM part of performance objectives and measurement? Answering these questions help form a people strategy for SRM. Read more on page 58.
Technology
Using the best available technology to enable all aspects of supplier management and compliance. Are you able to manage and share supplier related information? Can you extract data from all relevant enterprise software including ERP, finance, procure-to-pay, and contract management systems? Are all aspects of the supplier management lifecycle sufficiently enabled by technology? Oranisations need to answer these questions to support SRM with the right technology. Read more on page 70.
A model for SRM excellence developed over 15 years, State of Flux’s Six Pillars approach helps global clients define the desired outcomes from supplier relationships and develop the tools and techniques to deliver them.
Collaboration Developing collaborative relationships that are based on trust to build value, foster innovation and support joint planning.
Are you collaborating sufficiently with your strategic and most important suppliers? Are you developing joint plans that deliver the strategic objectives of both organisations? Are your relationships sufficiently open and transparent and based on trust? Are you benefitting from supplier innovation? If the answer to all the above is ‘no’, you need a plan for collaboration. Read more on page 80.
2019 GLOBAL SRM RESEARCH REPORT
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