ServicesSupplier Management

Supplier Management

When it comes to maintaining your supplier relationships, you must take a differentiated approach towards suppliers that represent a significant portion of your annual spend and offer a critical technology platform. With years of experience in managing supplier relationships, we can help you implement programs to mange, measure, and develop your strategic suppliers so that you can make the most of every dollar spent. Symphony's SMO (or VMO) function can help you manage your key relationships in the following areas:

Quarterly Business Reviews

• Conduct quarterly meetings
• Develop Team Mapping
• Review performance with supplier
• Develop Score cards and supplier development plans

Strategic/Executive Briefings

• Develop executive sponsorship connections
• Coordinate Technical Briefings and Technology Exchanges

Dispute Resolutions

• Situation Assessment
• Develop negotiation strategy
• Scenario analysis and cost modeling
• Gather and process performance data from internal stakeholders Quarterly Business Reviews

Supplier Portfolio Management

• Conduct Supplier Inventory and Segmentation
• Supplier Analysis (Cost, Contracts, Evaluation, Compliance, Risk)
• Optimize Supplier Base
• Negotiate cost reductions through volume purchases