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PSM 412 Supplier Relationship

HND2 levelManagement & Administration20 topics

PSM 412 covers 20 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Supplier relationship management concepts
  2. Strategic considerations in relationship formation
  3. Supply chains and value streams
  4. Types of supplier relationships
  5. Intra-organisational relationships
  6. Supplier relationship issues in public procurement
  7. Relationship analysis and selection tools
  8. Risk and uncertainty in commercial relationships
  9. Risk assessment in relationship decisions
  10. Contribution of relationships to organisational success
  11. Trust, fairness and transparency in relationships
  12. Supplier characteristics for main relationship types
  13. Relationship analysis tools
  14. Relationship selection and determination
  15. Supplier development strategies
  16. Supplier associations
  17. Supplier roundtables
  18. Supplier workshops
  19. Annual supplier meetings
  20. Procurement marketing

A sample from this course

One topic, as StudyPath teaches it.

Supplier relationship management concepts

Supplier Relationship Management (SRM) is the systematic approach to managing an organisation’s interactions with the companies that supply the goods and services it uses. Mastering SRM concepts—such as the supplier lifecycle, collaboration, risk management, and performance measurement—helps students answer exam questions about strategic sourcing, partnership development, and continuous improvement.

What you get for PSM 412