I like statistics ……..Because it makes me think

1) 62% of Supply Chain operations did not have an accepted definition of Supplier Relationship Management in their organization

2) 50% of the companies having implemented SRM applications do not know how to measure the benefits of these initiatives.

I was equally confused as many others in the supply management function, of the various terminologies that are used interchangeably for the same sourcing and procurement processes e.g. supply management , supplier relationship management , strategic sourcing , spend management , supplier performance management .

I opted for a deep dive and surfaced more confused than ever. Depending on who was talking SRM the definitions also kept changing – product vendors have an application centric view; consultants talk transformation or implementation approach, and buyers look at this as managing categories and transactions.

Till I came across a white paper by Pierre Mitchell and understood the concept in a jiffy.

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http://www.infosysblogs.com/supply-chain/2009/11/part_one_do_we_really_understa.html#more

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