What is Supplier Management? Here’s a Primer by Sydney Lazarus.
Article: (DMS) What is Supplier Management? Here’s a Primer by Sydney Lazarus.
This may seem like a ridiculously simple question whose answer comes embedded in the term itself (“Managing suppliers!”), but it can be tricky. Supplier management is a broad term, and it has become ever broader in its evolution from a post-contract area to include also strategy and planning and other pre-contract activities. In other words, supplier management has become supplier lifecycle management.
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