SUPPLY CHAIN
H as it ever been so crucial for companies to ensure they have a consistently reliable supplier base at their disposal ? Consistent , on-time delivery is essential to maintaining production schedules and meeting customer demands , especially during these turbulent times in which we are living .
Supplier relationship management ( SRM ) has , therefore , assumed heightened importance , and it ’ s up to procurement and supply chain leaders to ensure their organisations are getting the most out of their partnership arrangements .
Well placed to comment on the necessity of effective SRM is Nari Viswanathan , a seasoned supply chain executive with more than 20 years worth of experience in market and strategy intelligence under his belt .
As Senior Director of Supply Chain Strategy at Coupa , known for its AI-driven spend management platform , Nari works to help businesses improve their supply chain processes through increased visibility .
Going hand in hand with this is the ability for firms to improve supplier relations through purchase order and invoice management , risk assessment and strategic sourcing .
“ When SRM is managed in a universal platform , procurement , risk and compliance teams can break down internal silos to scale processes , improve operational efficiency , ensure business continuity and support the achievement
70 July 2024