Supplier Relationship Management Uses Existing Vendor Relationships to Cultivate New

question 55

True/False

Supplier relationship management uses existing vendor relationships to cultivate new vendor relationship.

---

Definitions:

Foundry

A workshop or factory for casting metal, where molten metal is poured into molds to create various shapes.

Manhole Covers

Heavy removable plates placed over the openings of manholes to prevent accidental falls into them and to block unauthorized access to the municipal services below.

Productivity

A measure of efficiency that calculates the amount of output produced per unit of input.

Service Sector

Refers to the segment of the economy that provides services rather than producing goods, including industries like retail, healthcare, and finance.