Third Party Supplier Relationship Management (3 P.L. S.M.S.)

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Read the Forbes article, “Risky Business, High Payoffs ( https://www.forbes.com/2008/05/25/core-deals-strategy-oped-cx_jh_pb_outsourcing08_0529risk.html#6d99d1984c9c )Links to an external site..” Based on the content presented in the article, what is the value to the company and the supplier in developing and implementing a Third Party Supplier Relationship Management System (3 P.L.S.M.S.)? How can such a system provide greater efficiency? In 200-250 words, describe the value to the organization.