A Supplier Management Program is an official business program designed to manage relationships with suppliers and ensure that they meet the organization’s needs. It involves developing strategies to identify, assess, and select suppliers, as well as managing and monitoring the performance of those suppliers. The program should also include processes for managing the costs associated with the suppliers, such as contract negotiations, payment terms, and quality assurance. The program should also include measures to ensure compliance with relevant laws and regulations, as well as ethical standards. Ultimately, the goal of a Supplier Management Program is to ensure that the organization has the right suppliers in place to meet its needs and that those suppliers are providing quality products and services at a reasonable cost.