--- title: State of Flux | time description: time | --- - - - - [Blog](https://www.stateofflux.co.uk/Ideas-Insights/Blog/) - [Contact Us](https://www.stateofflux.co.uk/Contact/) - [Login](https://www.stateofflux.co.uk/login) [![logo-1](https://blog.stateofflux.co.uk/hubfs/logo-1.png)](https://www.stateofflux.co.uk/) - [Consulting](https://stateofflux.co.uk/supplier-management) - [Supplier Management](https://stateofflux.co.uk/supplier-management) - [Managed Services](https://stateofflux.co.uk/managed-services) - [Voice of the Supplier](https://stateofflux.co.uk/vos) - [Value Proposition](https://stateofflux.co.uk/value-proposition) - [Segmenting Suppliers](https://stateofflux.co.uk/supplier-segmentation) - [Joint Business Plan](https://stateofflux.co.uk/joint-business-plan) - [Contract Lifecycle Management](https://stateofflux.co.uk/contract-management) - [Procurement](https://srm.stateofflux.co.uk/procurement) - [Sustainability Risks & Modern Slavery](https://stateofflux.co.uk/sustainability-and-esg) - 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[Podcast: Power of 3](https://stateofflux.co.uk/podcasts) - [Events](https://stateofflux.co.uk/events) - [About us](https://stateofflux.co.uk/about) - [Leadership Team](https://stateofflux..co.uk/about#leadership) - [Our Partners](https://stateofflux.co.uk/partners) - [Awards](https://stateofflux.squarespace.com/about#awards) - [Careers](https://stateofflux.co.uk/careers) - [Home](https://www.stateofflux.co.uk/) - [Ideas and insights](https://www.stateofflux.co.uk/ideas-insights) - State of Flux #### [Fujitsu's Role in the UK Post Office Scandal and Implications for Procurement 23 Jan 2024 **Understanding the Risks **](https://blog.stateofflux.co.uk/blog/fujitsu-in-uk-office-scandal) [Stay connected on LinkedIn](https://www.linkedin.com/company/50338) Sign up to our Newsletter [Get the latest SRM Report](https://www.stateofflux.co.uk/ideas-insights/reports-and-publications/2017-global-srm-research-report-entrepreneurial-sr) #### [12 Jun 2019 Ten critical success factors to secure SRM value and ROI](https://blog.stateofflux.co.uk/blog/ten-critical-success-factors-to-secure-srm-value-and-roi) [**Businesses are starting to accept the idea of supplier relationship management (SRM) – a strategic effort to understand suppliers and treat them according to their importance to the business.**](https://blog.stateofflux.co.uk/blog/ten-critical-success-factors-to-secure-srm-value-and-roi)[Last year, State of Flux’s research](https://www.stateofflux.co.uk/ideas-insights/reports-and-publications/2018-global-srm-research-report-sustainable-srm) found the most important business drivers for implementing SRM are cost reduction or avoidance (54%), risk management and reduction (52%) and supplier innovation (43%). #### [3 Jun 2019 You don't need to be a rocket scientist to understand the benefits of SRM ![NASA_banner_2](https://blog.stateofflux.co.uk/hs-fs/hubfs/NASA_banner_2.png?width=603&name=NASA_banner_2.png) Given the difficulty of its missions, NASA might be expected to lead in risk management. But in some cases it does not. The space agency has lost nearly $700 million after using faulty materials to build two rockets that were supposed to deliver satellites studying the Earth’s climate during 2009 and 2011.](https://blog.stateofflux.co.uk/blog/you-dont-need-to-be-a-rocket-scientist-to-understand-the-benefits-of-srm-1) #### [29 May 2019 A company-wide SRM programme offers big returns, but requires time and investment part I Since most businesses depend on suppliers to help deliver their products and services, managing supplier relationships to develop new innovations, avoid risk, and reduce costs can be a key differentiator for future success. **But since changing commercial relationships across a whole organisation requires a long-term commitment, can a more nimble programme generate faster returns?**](https://blog.stateofflux.co.uk/blog/a-big-srm-programme-offers-big-returns) [1](https://blog.stateofflux.co.uk/blog/tag/time/page/1) ![State_of_Flux](https://blog.stateofflux.co.uk/hubfs/State_of_Flux_February2019%20Theme/Images/logo.png) London HQ phone: +44 (0)2078 420 600 Email: [enquiries@stateofflux.co.uk](mailto:enquiries@stateofflux.co.uk) © 2022 State of Flux - - - - [Site map](https://www.stateofflux.co.uk/information/site-map) - [Privacy policy](https://www.stateofflux.co.uk/information/privacy-policy) - [Terms and conditions](https://www.stateofflux.co.uk/information/terms-and-conditions)