Before supplier relationship management (SRM), buyers typically spent 40% of their time on expediting orders.After SRM implementation buyers spent about:
A) 10% of their time on expediting orders
B) 20% of their time on expediting orders
C) 30% of their time on expediting orders
D) None of the these

Question

Quizplus · Accepted Answer

The implementation of supplier relationship management (SRM) aims to improve the efficiency of the procurement process and supplier performance. One of the benefits of SRM is reducing the need for expediting orders, which means that buyers can spend more time on strategic activities instead of administrative tasks. Therefore, it is reasonable to expect that the time spent on expediting orders after SRM implementation will be lower than before. A reduction to 10% of the time spent on expediting orders would indicate a significant improvement.

Before Supplier Relationship Management (SRM), Buyers Typically Spent 40% of Their