SRM offers improved organisational efficiency

An amount of 36% of delegates attending an international purchasing and supply management convention in the UK said that supplier relationship management (SRM) has helped increase their organisations’ efficiency the most, reported Supply Management recently….

This underscores the findings of international research conducted by the Centre for Advanced Procurement Studies (CAPS) in the USA, which found that that developing and managing value-adding relationships with suppliers is a cornerstone of world-class Procurement best practise and it is one of the 7 key Strategies they recommend that supply management leaders must follow over the next decade!

This important procurement discipline is the subject of a practical 3-hour Professional P&SM workshop being presented by two highly regarded subject matter experts on SRM and how the effective use of technology can power world-class operational procurement in your organisation.

Peter Alkema, Head of Procure to Pay at Absa Group Sourcing, with his firm grasp of practical operational detail, will be in a position to answer your technical questions. Our readers in the Cape, please put a note in your diaries.

SRM will be explained step-by-step through a practical case study on how the Group Sourcing Department at Absa Bank, a member of the international Barclays Group, achieved massive savings over several years in implementing world-class procurement operational policies, procedures and systems.

Executives and managers of ERP and IT systems and Procurement and Supply Management Departments, (including BEE Supplier, Commodity and Sourcing Specialists) will:

• Gain insight into the latest developments in the specialised field of SRM.
• Learn how to go about adopting a highly recommended supplier management ‘best practice’ strategy.
• Understand why implementing advanced technology solutions should be your core focus in SRM.
• Learn how to manage the challenges and opportunities that will arise in the process.

If you are in Cape Town you simply cannot afford to miss this once-off breakfast session in your region.

Thursday, March 18, 2010 at the Atlantic Imbizo, Waterfront, Cape Town: 08h00 – 12h30

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