CONTINUOUS SUPPLIER RELATIONSHIP MANAGEMENT FRAMEWORK

Abstract

, we review the most recent frameworks fo r supplier relationship management and then develop a new framework that addresses their issues. This proposed three-phase framework allows fo r greater flexibility and faster adaptation to the changes that occur in the turbulent business environment. The framework also allows fo r sufficiently detailed development o f selected suppliers and enables buyer and suppliers to cocreate value. Additionally, with the help o f appropriate IT support, the proposed framework facilitates continuous, stable and real-time data exchange, which in turn speeds up the decision­ making regarding both operational and tactical procurement activities. This paper's 9 Tilen Klobučar. Danfoss K lo b u č a r T , E rja v e c J.: C o n tin u o u s s u p p lie r r e la t io n s h ip m a n a g e m e n t f r a m e w o r k main limitation is that the proposedframework builds on the analysis o f shortcomings o f previously developed frameworks and thus requires further validation.