Defining Interaction Principles for Supplier Engagement PPT
This PPT slide, part of the 24-slide Supplier Relationship Management (SRM) - Supplier Segmentation PowerPoint presentation, outlines the concept of Interaction Principles within the context of Supplier Interaction Models. It emphasizes the importance of defining how critical activities are managed, who is involved, and the specific metrics that will gauge success. The text suggests that organizations should develop these principles to differentiate their operations from past practices.
A practical example is provided, illustrating how a company aiming to reduce delivery times might establish interaction principles for its planning function. This would involve clarifying the management of supply and demand planning, as well as inventory management tasks. The slide highlights that these principles are not just theoretical; they are tied to concrete performance metrics such as fill rates, timely deliveries, and overall lead times.
On the right side, a visual representation breaks down the Interaction Model into 4 key areas: Bilateral Value Identification, Value Capture, Supplier Approach and Engagement, and Performance Management. Each of these components plays a role in how the interaction principles are applied. This structure suggests a comprehensive approach to supplier relationships, focusing on mutual value creation and effective engagement strategies.
The takeaway here is that defining clear interaction principles is crucial for improving supplier relationships and operational efficiency. By establishing specific measures of success, organizations can ensure that their supplier interactions are not only strategic, but also aligned with broader business objectives. This framework can serve as a guide for companies looking to enhance their supplier management practices.
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Supply Chain Analysis Supplier Management Supplier Negotiations Performance Management Inventory Management Value Creation Supplier Relationship Management
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