COLLABORATION
Collaboration completes the six pillars of SRM. In some respects, it is the product of the other five pillars: understanding value will help engagement with stakeholders. Good governance includes setting up the frameworks for effective collaboration. Training people in the necessary skills, and using technology to support collaboration, will improve results. However, collaboration not just a bi-product of the other pillars; it is something organisations need to be work on in its own right. Dedication to collaboration might include being prepared to opinion State of Flux Collaboration is not just a bi- product of the other pillars; it is something organisations need to work on in its own right. share more information, building trust through openness and transparency, and pro-actively finding areas on which to collaborate such as innovation, risk-mitigation, cost- reduction or service improvement. Collaboration has played a vital role in most successful endeavours and enterprises. Studying how modern businesses have achieved sustainable success reveals that as they grow, the focus shifts from individuals to the
collective. Through complex dynamic interactions and relationships, we begin to see that collaborative and symbiotic patterns and interactions are of more fundamental importance than competition. The process starts internally and evolves as a way of working in teams and then naturally extends beyond the enterprise into working with partners, customers and suppliers.
2019 GLOBAL SRM RESEARCH REPORT
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