SRM Overview Sample Clauses

SRM Overview. An organisation and its Contractors are interdependent and a mutually beneficial relationship enhances the ability of both to create value. Applying the principles of mutually beneficial relationships typically leads to: • Increased ability to create value for both parties • Flexibility and speed of joint responses to changing market or customer needs and expectations • Optimisation of costs and resources • Establishing relationships that balance short-term gains with long-term considerations • Pooling of expertise and resources with partners • Clear and open communicationSharing information and future plans • Establishing joint development and improvement activities • Inspiring, encouraging and recognising improvements and achievements by Contractors The general approach to the relationship with Contractors should be one where the key performance metrics are identified, measured, documented and reviewed systematically.
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