Strategic Procurement & Supplier Relationship Management (SRM)

1) Course Introduction

This course introduces modern procurement strategies and advanced supplier relationship management techniques to achieve long-term value.

At the strategic sourcing core, Seattle International Institute for Training integrates SRM frameworks, negotiation tools, and supplier performance evaluation methods.

2) Key Learning Objectives

Participants will learn to:

· Develop strategic procurement frameworks

· Build and maintain strong supplier relationships

· Evaluate supplier performance using KPIs

· Apply SRM tools for collaboration and innovation

· Reduce procurement risks and costs

3) Target Audience

· Procurement specialists

· Supply chain teams

· Contract administrators

· Vendor management professionals

4) Course Importance & Business Impact

SRM enhances supplier performance, reduces cost, and ensures sustainable partnerships.

5) Practical Modules / Key Topics

· Strategic procurement models

· SRM frameworks

· Supplier scorecards

· Contract & performance alignment

· Collaboration strategies