Supplier Resource Management (SRM) is an integrated process designed to effectively manage business relationships with suppliers. SRM focuses on leveraging the best available resources and creating a competitive advantage by maximizing the value of supply chain relationships. It involves optimizing supplier selection, managing supplier performance, risk management, and improving interoperability. SRM also enables organizations to proactively monitor supplier commitments and collaborate more efficiently with other partner organizations. By taking a strategic approach to working with suppliers, organizations can streamline operations, reduce costs, and improve customer satisfaction.