Supplier Relationship Management: Models, Considerations and Implications for DOD
INDUSTRIAL COLL OF THE ARMED FORCES WASHINGTON DC
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The press routinely praises industry giants such as Wal-Mart, FedEx, American Honda and Dell for the innovative ways in which they manage suppliers and the impact these successful relationships have on their companys bottom line. The implication is that all fins need partnerships with their suppliers, and the more the better. Yet, is this true, or is the rush to partner hiding hidden costs and dangers Does one size or model fit all or does the nature of the market or industry drive differences in supplier relationships This paper begins by defining supplier relationship management SRM and why it is needed, discusses various types of supplier relationships, examines several models for managing supplier relationships, addresses considerations and risks when implementing SRM, and concludes with a brief discussion of implications of SRM for the Department of Defense.
- Administration and Management
- Logistics, Military Facilities and Supplies