Abstract: Supplier Relationship Management (SRM) is long term planning and management of all supplier interactions to optimize their value. Its application ranges from construction to healthcare systems, and investment banks to aviation industries. A variety of scholars and analysts have recorded different buyer-supplier partnership models, as well as product selection and appraisal approaches. This paper discusses the value of strategic supplier collaboration in supply chain management in the manufacturing industry in India, in association with product quality production and business performance No wonder, product quality efficiency and market results are becoming critical factors in signaling corporations ' longevity and competitive advantage in today's demanding business environment. This study's findings provide the value of SCM's strategic supplier relationship in India's industries in enhancing its quality control and market performance.
Keywords: Supplier relationship management, manufacturing industry, quality control, value procurement.
Title: Value Procurement: Building Strategic Relationship with Suppliers
Author: Nitya Agarwal, Pooja Modi
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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