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What is the value to the company and the supplier in

Supplier Relationship Management (SMS) System

What is the value to the company and the supplier in developing and implementing a Supplier Relationship Management (SMS) System? How can such a system provide greater efficiency? Describe the value to the organization.

Required ResourcesText

Wisner, J.D., Tan, K.-C., & Leong, G. (2012).Principles of Supply Chain Management(3rd ed.). Mason, OH: South-Western Cengage Learning. ISBN: 9780538475464
- Chapter 3: Creating and Managing Supplier Relationships
- Chapter 4: Strategic Sourcing for Successful Supply Chain Management

Multimedia

Davila, E. (2010, April 15).Buy it: Managing supply.[Video]. Retrieved from https://youtu.be/zYbtZ0x9_SA
- This video supports theSupplier Relationship Management (SMS) Systemdiscussion for this week.

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