Supplier Management in Supply Chain and Procurement involves the selection, evaluation and management of suppliers for the mutual benefit of both parties. It involves understanding the processes involved in the entire process from demand identification to delivery, as well as establishing processes for developing and encouraging long-term supplier relationships to ensure the positions of both parties are secured. In an effective supply chain, Supplier Management could involve market research, solicitation and communication with potential suppliers, monitoring terms and conditions, quality control, and other activities that enable optimal situations