The Supplier Relationship Manager is responsible for building, maintaining, and enhancing long-term strategic relationships with third-party suppliers in order to maximize success and profitability. This includes actively managing ongoing negotiations and contract renewals, identifying cost savings opportunities, and evaluating supplier performance against industry benchmarks. The role also entails developing robust monitoring processes to ensure compliance with contractual terms and quality standards. The goal of the Supplier Relationship Manager is to ensure that the organization has access to reliable, high-quality products and services at competitive prices.