Supplier relationship management is the process of 1. Managing the suppliers 2. Managing the customers 3. Managing the facility 4. All of the above Managing the facility Managing the customers All of the above Managing the suppliers

Question

Supplier relationship management is the process of 1. Managing the suppliers 2. Managing the customers 3. Managing the facility 4. All of the above Managing the facility Managing the customers All of the above Managing the suppliers

Answer 1

1. Managing the suppliers

Answer 2

## The first step is understanding the terms in the problem to be able to make an accurate assessment. 'Supplier Relationship Management' refers to the systematic approach of assessing suppliers' contributions to a company and developing and managing strategic relationships with key suppliers for the benefit of both organizations. ## Based on that definition, it's clear the choice would definitely involve managing the suppliers but not necessarily other elements in the options.

Question

Supplier relationship management is the process of 1. Managing the suppliers 2. Managing the customers 3. Managing the facility 4. All of the above Managing the facility Managing the customers All of the above Managing the suppliers

Answer

Answer

Explanation