Theoretical outline of supplier relationship management in conditions of economic uncertainty

Abstract

Internet facilities have created new ways to identify, negotiate and engage suppliers and partners worldwide. Adding value to organizations, supply chain management aims at streamlining all processes and communication channels between them and their main suppliers, to facilitate effective interactions and flawless. Critical conditions generated by the current crisis grew and deepened the importance of supply chain management concept and the leading organizations realized that business partners might be a key element for their success. Meanwhile, global exchange of information can improve business processes for better access to resources.