One of the key supply chain business processes is supplier relationship management,which seeks to forecast demand and coordinate purchasing and distribution in an effort to balance customer demand with the firm's manufacturing capacity.

Question

Quizplus · Accepted Answer

Supplier relationship management focuses on developing and managing relationships with the suppliers who provide goods or services to the company, rather than forecasting demand and coordinating purchasing and distribution, which are tasks associated with other supply chain processes like demand planning and supply chain planning.

One of the Key Supply Chain Business Processes Is Supplier