Academics Olsen and Ellram developed this purchasing portfolio model based on the Kraljic matrix with the idea of managing the different relationships that exist with suppliers.
Supply Chain Management is the management of all activities related to goods and services; from procuring raw materials for a project to the consumer returning a product.
Supplier Relationship Management (SRM) focuses on a mix of pricing, quality, cooperation level, delivery time and a positive relationships with suppliers.
Peter Kraljic (1939) was a former director in the Düsseldorf office of McKinsey at McKinsey & Company, Inc. where he held different management positions until his retirement. He has also…
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