Article
Version 1
Preserved in Portico This version is not peer-reviewed
Understanding Supplier Relationship Management Practices in the Context of Supply Chain Dynamics
Version 1
: Received: 8 June 2024 / Approved: 10 June 2024 / Online: 11 June 2024 (11:53:56 CEST)
How to cite: Reynolds, S. Understanding Supplier Relationship Management Practices in the Context of Supply Chain Dynamics. Preprints 2024, 2024060676. https://doi.org/10.20944/preprints202406.0676.v1 Reynolds, S. Understanding Supplier Relationship Management Practices in the Context of Supply Chain Dynamics. Preprints 2024, 2024060676. https://doi.org/10.20944/preprints202406.0676.v1
Abstract
Supplier Relationship Management (SRM) is a critical aspect of supply chain management, particularly in today's dynamic and interconnected business environment. This qualitative research study explores SRM practices within the context of supply chain dynamics, aiming to understand how organizations manage their supplier relationships to achieve strategic objectives. Through semi-structured interviews, document analysis, and participant observation, key themes emerge, including collaboration, trust, risk management, performance measurement, digital technology integration, sustainability, cultural alignment, supplier development, strategic alignment, emotional intelligence, and marketing perspectives. The findings underscore the importance of collaboration and trust in fostering strategic partnerships with suppliers, mitigating risks, and enhancing supply chain resilience. Effective risk management practices, performance measurement systems, and digital technology integration are essential for improving transparency, efficiency, and responsiveness in SRM. Sustainability considerations highlight the need for aligning SRM practices with corporate social responsibility goals and stakeholder expectations. Cultural alignment, supplier development programs, strategic alignment, emotional intelligence, and marketing perspectives further enrich the understanding of how organizations navigate their supplier relationships. This study contributes to the body of knowledge on SRM by providing empirical insights into the practices, challenges, and opportunities associated with managing supplier relationships in dynamic supply chains. The findings offer valuable guidance for practitioners and policymakers seeking to enhance their SRM practices and achieve competitive advantage in today's complex business landscape.
Keywords
supplier relationship management; supply chain dynamics; collaboration; trust; risk management; performance measurement; digital technology integration; sustainability; cultural alignment; supplier development; strategic alignment
Subject
Business, Economics and Management, Business and Management
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Comments (0)
We encourage comments and feedback from a broad range of readers. See criteria for comments and our Diversity statement.
Leave a public commentSend a private comment to the author(s)
* All users must log in before leaving a comment
