SupplyManagement.com reports Best Buy Europe wants to improve relationships with suppliers, working to collaborate and engage more with them.
The retailer has a Supplier Relationship Management (SRM) team for this purpose-- and plans to meet strategic suppliers over the next 6 months to share information and find value-for-money solutions.
BBE employees now act as single points of contact with providers, holding monthly meetings with both internal stakeholders and suppliers and documenting feedback.
The SRM department aims for £1.5M in 2011/2012 savings against overall sourcing and the department target of £17M. The company also plans to launch a supplier awards scheme next autumn.
Go Best Buy Europe Tackles Suppliers' Feedback (SupplyManagement.com)