Supplier Relationship Management (SRM) Focuses on Keeping Suppliers Satisfied by Evaluating

question 14

Multiple Choice

Supplier relationship management (SRM) focuses on keeping suppliers satisfied by evaluating and categorising suppliers for different projects.What does supplier relationship management achieve?

• A)Enhances supplier organisation communications
• B)Minimises supplier compensation
• C)Maximises supplier accountability
• D)Optimises supplier selection

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Definitions:

Investment Guidelines

A set of principles or rules designed to guide the management of investments, ensuring they meet specific objectives and constraints.

Money Market Accounts

Interest-bearing accounts offered by banks and credit unions, providing higher interest rates than savings accounts.

Diversify Investments

A strategy to spread investments across various assets to reduce risk.

Risk-Management

The process of identifying, analyzing, and responding to risk factors throughout the life of a project or business to mitigate risks.