Supplier Relationship Management Strategies (Strategy Brief): Industry Report

Supplier Relationship Management Strategies (Strategy Brief)

Product Type: Market Research Report
Published by: Datamonitor
Published: January 2007
Product Code: R313-19358

Description

Introduction

The range and complexity of financial products available in emerging markets is growing at a rapid rate, yet the overall level of products in comparison to global peers remains low.

Scope

Primarily covers the Asia Pacific retail banking market

Areas covered include legacy system limitations, IT investment priorities and implementation challenges

Highlights

Deficiencies in core systems created or exacerbated by these factors make it tough to modernize banks systems without significant capital input.

Retail banks across Asia-Pacific are progressively taking a similar approach to their counterparts in Europe and North America in terms of technology development: to develop their technology infrastructures in such a way as to create real value in a competitive economic environment.

Revenue growth pressure forces development of distribution channels, as technology penetration in emerging markets is lower than in developed countries, branch still remain as primary channel, thus IT investment in branches is primary focus area now.

Reasons to Purchase

Gain visibility into the dynamics of the Asia Pacific retail payments market

Gain market insight to assist in your strategic planning and go-to-market strategy

Table of Contents

DATAMONITOR VIEW 1 CATALYST 1 SUMMARY 1 METHODOLOGY 1 ANALYSIS 2 Identification and basic spend analysis are the starting point for SRM strategies 2 Identifying those internally who are spending is key to understanding enterprise procurement 2 Manufacturers are seeking to find out exactly who their suppliers are 2 What is being bought remains a fundamental issues of improving spend 3 Tracking the performance of suppliers can help manufacturers improve their relationships 3 Key performance indicators form the basis of performance monitoring 4 Accessing, displaying and sharing performance data is the key to extracting real benefits for manufacturers 5 Procurement is where manufacturers stand to gain the most benefit from SRM 5 Reducing rogue spend can affect a manufacturer's bottom line in a relatively short time 5 Identifying the best suppliers, and then working with them, is the obvious step for manufacturers 6 Contract management remains a key issue for companies looking to improve their procurement processes 6 Strategic sourcing has been a hot topic, but it isn't for low-cost regions alone 7 Low-cost region sourcing can yield significantly lower cost bases 7 There are other areas of strategic sourcing that don't focus on low-cost regions 7 APPENDIX 9 Definitions 9 Extended methodology 9 Further reading 9 Ask the analyst 9 List of Figures Figure 1: Top concerns of 155 European and North American manufacturers (2006) 4

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