Supplier Management
Supplier Management What Is Supplier Management And How To Optimize It? Supplier management , also known as Supplier Relationship Management (SRM) , is a strategic process of overseeing and nurturing relationships with external suppliers to ensure they meet or exceed expectations in terms of quality, delivery, and cost. Supplier management involves identifying, onboarding, and maintaining relationships with entities that provide travel-related services, like airlines, hotels, and car rental companies, to ensure efficient and cost-effective travel arrangements. This involves stepping up and promoting collaboration with appropriate partners to make it transparent and long-lasting. The selection, qualification, classification, evaluation, and development of suppliers are the most crucial aspects of supplier management. With the right supplier management module , travel businesses can reduce customers’ travel spending across flights, hotels, an...