Answer to Question #177532 in Management for King kojo Agyire

Question

You are chief procurement officer of your company and have discovered that a category of spend has an opportunity for improvement. Discuss convincingly how this initiative can be achieved with the CEO by applying the strategic supplier relationship management as a frame work

Answer 1

First the framework is important for building a collaboration between buyers and suppliers,which is important during production,contraction,and post production evaluation.Second,the supplier relationship management posses digital transformation business-integrated systems which meet demands of the various activities in the organization,such as giving the procurement team better insights regarding suppliers bases