Supplier Relationship Management (SRM) encompasses all efforts aimed at enhancing the efficiency, quality, speed, and cost-effectiveness of product development, production, and delivery through improved collaboration with suppliers and their associated providers. This definition highlights that SRM not only benefits the strategic purchasing process but also enhances the overall performance of the business, ultimately strengthening its market position. The advantages of effective SRM are evident in quicker market access, increased innovation in processes and products, reduced costs, well-considered selection of suppliers and materials, and, importantly, a decrease in failure costs. However, various reasons are often cited against implementing SRM, frequently leading to minimal supplier evaluations that only satisfy basic audit requirements. Central to these arguments are operational challenges, including insufficient resources in terms of expertise, time, budget, IT infrastructure, and personnel. It is crucial for organizations to recognize that investing in SRM can yield significant long-term benefits that far outweigh the initial hurdles.