Project Abstract

Abstract
Supplier Relationship Management (SRM) plays a crucial role in the success of retail industry operations by establishing and maintaining effective relationships with suppliers. This research project aims to analyze the Supplier Relationship Management practices within the retail industry, focusing on a specific company as a case study. The study will investigate the background and significance of SRM, identify key challenges and issues faced by retail companies in managing supplier relationships, and explore the objectives and scope of implementing SRM strategies. The research will be conducted through a mixed-method approach, combining both quantitative and qualitative data collection methods. A comprehensive literature review will provide a theoretical framework for understanding the concepts and principles of Supplier Relationship Management in the context of the retail industry. The study will also analyze the existing literature on SRM practices to identify best practices and potential areas for improvement. The methodology chapter will outline the research design, data collection methods, and data analysis techniques employed in this study. Primary data will be collected through interviews with key stakeholders in the specific retail company selected for the case study, while secondary data will be gathered from relevant academic sources, industry reports, and case studies. Findings from the research will be discussed in Chapter Four, providing an in-depth analysis of the Supplier Relationship Management practices observed in the selected retail company. The discussion will highlight key findings, challenges faced, successful strategies implemented, and areas for further improvement in managing supplier relationships. In conclusion, this research project will contribute to the existing body of knowledge on Supplier Relationship Management practices in the retail industry. The findings will offer valuable insights for retail companies seeking to enhance their supplier relationships and improve operational efficiency. By focusing on a specific case study, this research aims to provide practical recommendations and actionable insights for implementing effective SRM strategies in the retail sector.

Project Overview

The research project focuses on analyzing Supplier Relationship Management (SRM) practices within the retail industry, with a specific case study of a chosen company. Supplier Relationship Management is a crucial aspect of supply chain management that involves managing and maintaining relationships with suppliers to ensure the efficient flow of goods and services. In the retail sector, effective SRM practices are essential for fostering long-term partnerships, improving supply chain efficiency, and ultimately enhancing customer satisfaction. The study aims to provide a comprehensive examination of the SRM practices adopted by the selected company within the retail industry. By conducting a detailed case study analysis, the research seeks to identify the strategies, processes, and tools utilized by the company to manage its supplier relationships effectively. This analysis will shed light on the key factors that contribute to successful supplier relationships and supply chain performance in the retail sector. Key components of the research overview will include an exploration of the theoretical framework underpinning Supplier Relationship Management, an examination of the challenges and opportunities associated with SRM in the retail industry, and an in-depth analysis of the specific practices implemented by the chosen company. By focusing on a real-world case study, the research aims to provide practical insights and recommendations that can benefit other retail organizations seeking to enhance their supplier relationships and supply chain operations. Overall, this research project will contribute to the existing body of knowledge on Supplier Relationship Management in the retail industry and offer valuable insights for practitioners, academics, and industry professionals interested in optimizing supplier relationships and supply chain performance.