Definitions, Lifecycle, and Key Themes
In this chapter: definition of strategic supplier management, key themes and values that underpin the effective management of strategic suppliers, introduction to and explanation of the IRSID supplier lifecycle model
Definition of Strategic Supplier Management
As a starting point, let me give you a definition of strategic supplier management:
An all-encompassing strategy and plan to create most value from the supplier relationship by managing and developing their performance using a balanced combination of managing to a clearly defined contract while developing positive working relationships
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