Supplier Relationship Management to enhance business opportunities

Effective enhancement of business performance

(prHWY.com) November 5, 2012 - Unknown City, AL -- November 5, 2012. Dr Kevin Logsdon is the author of the guide that gives an insight to the buyer and the supplier's relationship and its impact on the performance of any business. The guide is quite comprehensive and gives out valuable information on SRM process with useful tips and commentary on how to go about it. Business performance largely depends on this buyer and suppliers relationship and a healthy relation means growth and better performance for both the parties. Dr Kevin Logsdon has been able to effectively bring about the meaning through clear and concise definitions and the also the role that the procurement and finance team of an organisation play. If not taken seriously, the procurement channel could prove extremely costly and may affect the outcome of the business and growth opportunities. Maintaining a healthy procurement process as well as terms in between a buyer and its supplier means both the parties can together benefit out of it. A systematic procurement process, proper logistics and other formalities result in reducing costs, minimises wastages and help in better performance of the business. Dr Kevin Logsdon through his rich experience and knowledge in the field of SRM has been able to explain the meaning and benefits of this relationship. He has explained the process through brilliant case studies and other real life experiences that would help resolve any kind of conflict between a supplier and their buyers.

A healthy relationship between both the parties will not just improve the business and output but also helps in strategic planning, management and any kind of interaction between both the parties. A dedicated approach and focus on the relationship strengthens terms, gives opportunities of innovations, better planning and an overall competitive edge over one's competitors. "The guide is like a bible for us and has helped in strengthening our relationship with our suppliers and has proved extremely beneficial in enhancing our business performance", says the CEO of a mid-level SCM company. "My constant endeavor is to improve upon the performance of any business relying heavily on the terms and relation of a supplier with their buyers. The case studies in my guide help people realize where they went wrong and what are the opportunities to improve upon their functions", says Dr Kevin Logsdon. SRM process is an effective management function which helps in improving the performance of the business.

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