Global supply chains are increasingly characterized by complexity, interdependence, and vulnerability to disruptions, necessitating strategic approaches to supplier management. Supplier Relationship Management (SRM) has emerged as a critical framework for fostering innovation, collaboration, and resilience across global supply chain ecosystems. Unlike transactional procurement practices, SRM emphasizes long-term, trust-based partnerships that align organizational goals with supplier capabilities, creating shared value and enabling adaptive responses to volatile market conditions. A central dimension of SRM is its role in driving innovation. By engaging suppliers as strategic partners, firms can leverage joint research and development, knowledge sharing, and technology co-creation to accelerate product development cycles and enhance competitiveness. Collaborative models also enhance visibility and coordination across supply tiers, improving demand forecasting, inventory alignment, and responsiveness to shifts in customer expectations. Such integration not only reduces inefficiencies but also creates platforms for cross-industry innovation. Equally important is SRM’s contribution to resilience. By fostering transparent communication and mutual trust, organizations and suppliers can engage in risk-sharing agreements, diversify sourcing strategies, and develop contingency plans that mitigate disruptions from geopolitical tensions, regulatory shifts, or natural disasters. The adoption of digital enablers—including AI, blockchain, and predictive analytics—further strengthens SRM by enhancing supplier performance monitoring, enabling real-time collaboration, and supporting ethical, sustainable sourcing practices aligned with environmental, social, and governance (ESG) frameworks. Strategically, SRM delivers value across multiple stakeholders: enterprises benefit from cost efficiency, agility, and innovation; suppliers gain stability and co-creation opportunities; while policymakers can promote transparent, sustainable trade ecosystems. As global supply chains evolve toward circularity and autonomy, SRM will remain indispensable in shaping ecosystems that are not only efficient but also resilient, collaborative, and innovation-driven.