https://padlet.com/alexisbarlow/GSCM5 en-us 2022-11-17 10:51:16 UTC 2022-11-17 12:02:13 UTC hello@padlet.com https://padlet.net/icons/png/1f69b.png https://padlet.com/alexisbarlow/GSCM5/wish/2388111224 1. SRM: SRM is helping to create positive buyer-supplier relationships and determines which activities to engage in with each supplier. The goal of SRM is to streamline and improve processes between a buyer and its suppliers.

2. Companies need the following things
1. Mitigation risks
2. Optimize performance
3. Reduced costs
4. Create a loyal relationship
5. Increase administrative efficiencies 
6. Increase onboarding speed



]]> 2022-11-17 11:23:25 UTC https://padlet.com/alexisbarlow/GSCM5/wish/2388111224 https://padlet.com/alexisbarlow/GSCM5/wish/2388134838 Transactional vs Relationship Marketing

  TRANSACTIONAL

DIRECTIVE:   Acquiring new customers & increases the volume of sale transactions
RELATIONSHIP: Short-term relationship
CUSTOMER CONTACT: Minimal
TYPE OF MARKET: Mass marketing & promotion
TYPE OF PROMOTIONAL STRATEGY: Discounts, coupons and BOGO


RELATIONSHIP MARKETING

DIRECTIVE: Improve customer retention & build customer loyalty
RELATIONSHIP: Long-term
CUSTOMER CONTACT: Frequent
TYPE OF MARKET: Personalized marketing
TYPE OF PROMOTIONAL STRATEGY:  Loyalty Programmes and Rewards]]> 2022-11-17 11:45:08 UTC https://padlet.com/alexisbarlow/GSCM5/wish/2388134838 https://padlet.com/alexisbarlow/GSCM5/wish/2388148804 1. Communicate frequently with your suppliers
2. Think of suppliers as team players
3. Bring up issues quickly
4. Do a lot of business with them
5. Timely payments are crucial
6. Detailed and Fair supplier agreement
7. Get the right tech for job
8. Get the right people and process in place]]> 2022-11-17 11:57:54 UTC https://padlet.com/alexisbarlow/GSCM5/wish/2388148804