Streamlining the processes and communications between the buyer and supplier using software applications that enable these processes to be managed more efficiently and effectively can be referred to as:
A)CRM
B)SRM
C)ISO 9000
D)SCSS

Question

Quizplus · Accepted Answer

The process described is supplier relationship management (SRM), which focuses on managing and optimizing interactions with suppliers. CRM (customer relationship management) refers to managing interactions with customers, ISO 9000 is a quality management standard, and SCSS is not a commonly known acronym in the context of supplier-buyer interactions.

Streamlining the Processes and Communications Between the Buyer and Supplier