Supplier relationship management is the process of managing the suppliers of the business by tracking and managing their performance.

Without suppliers, most of the business won’t operate. So, like clients and business owners, suppliers are also the crucial people who play a major role in the business operations. An effective business operation starts with the suppliers or vendors. From suppliers, it will get passed to the business and then to the clients. So, if the initial process is done perfectly, the entire business operation will go smoothly. But if any complications or issues arise with the supplier, then it may lead to some serious effects. So, for a smooth business functioning, a better relationship must be maintained between the supplier and the buyer.

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