Definition: Supplier Management

What is Supplier Management? Definition and meaning

Supplier management deals with the relationships of a company with its suppliers. The goal of supplier management is to build, expand and maintain a reliable supplier base. In the long term, this keeps supplier quality high while reducing the risk of non-delivery. It also creates transparency and trust.

Supplier management has the task of finding suitable suppliers, checking and evaluating them. From this, the supplier base is built up.

Frequently asked questions

What is the goal of supplier management?

The goal is to build, expand and maintain a reliable supplier base. In the long term, this keeps supplier quality high while lowering the risk of non-delivery. It also creates transparency and trust.

What tasks does supplier management involve?

Supplier management is responsible for finding suitable suppliers, checking and evaluating them. From these suppliers, the supplier base is then built up. With contact management from projectfacts, you maintain these supplier relationships centrally in one place.