The acronym SRM refers to:
A) Supplier Requisition Monitoring
B) Supplier Relationship Management
C) Shipment Response Monitoring
D) Supply chain Relationship Management

Question

Quizplus · Accepted Answer

SRM stands for Supplier Relationship Management, which refers to the process of managing and optimizing relationships with suppliers to ensure that goods and services are delivered on time, at the right cost, and with the desired level of quality. The other options are not commonly used acronyms in supply chain management.

The Acronym SRM Refers To