Which of the following statements is true of the supplier relationship management process?

Question

Quizplus · Accepted Answer

The supplier relationship management process provides structural support for developing and maintaining relationships with suppliers. It involves managing relationships with suppliers to ensure that the organization receives the best possible value for the money spent. It also involves working collaboratively with suppliers to improve quality, reduce costs, and enhance sustainability. Therefore, option C is the correct statement. Option A is incorrect because although supplier relationship management can contribute to protecting the natural environment, it is not its primary purpose. Option B is incorrect because supplier relationship management involves extensive interaction between suppliers and business units. Option D is incorrect because the supplier relationship management process is not concerned with introducing features and cost-cutting measures into final products.

Which of the Following Statements Is True of the Supplier