Measures the quality and depth of relationships with key suppliers based on factors like communication, trust, and collaboration.
What it Measures ?
How strong and healthy our relationships are with suppliers.
Relevant StakeHolders
Supplier Relationship Managers, Vendor Managers
In-depth Use Case / Real-world Example
In a manufacturing company that produces high-end medical devices, Supplier Relationship Strength tracks the level of collaboration and trust with key suppliers. For example, if a supplier regularly provides feedback on design improvements, shares advanced technologies, and works closely with the procurement team, the relationship strength would be rated high. This metric is important for fostering long-term, mutually beneficial partnerships that drive continuous improvements.
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