This book provides a comprehensive insight into the supplier management of the future. Global digitization and the demand for ever faster and new innovations compel companies to radically change their strategies and traditional guiding principles. An increasing interconnection of customers, suppliers, and stakeholders, the nearly unrestricted exchange of data and information, as well as the resulting maximum transparency over a large part of the value-creating activities of global supply chains raises the question of how to generate competitive advantages in the future. From both theoretical and practical perspectives, innovative, preventive, digital, and strategic examples, along with case studies from the automotive, aerospace, and rail industries, illustrate how successful supplier management can function and operate. The book has a clear focus.