TIMELINE
THE HISTORY AND DEVELOPMENT OF
SUPPLIER RELATIO MANAGEMENT ( SR
EARLY 2000s
1990s
The Emergence of SRM as a distinct discipline
Companies begin to see the value of managing supplier relationships effectively , leading to the creation of SRM as a standalone function .
The Adoption of SRM software
Large organisations adopt systems to centralise and standardise supplier data , monitor supplier performance , and track savings .
MID 2000s
ISM introduces SRM certification program
The Institute for Supply Management introduces a certification programme for SRM professionals . This move standardises SRM criteria and establishes a framework that enhances SRM ’ s quality and reputation .
18 March 2023