Which of the following are objectives of Supplier Management? 1. Negotiating and agreeing Contracts
2) Updating the Supplier and Contract database
3) Planning for possible closure, renewal or extension of contracts
4) Managing relationships with internal suppliers
A) 1, 2 and 3 only
B) 1, 3 and 4 only
C) 2, 3 and 4 only
D) None of the above

Question

Quizplus · Accepted Answer

Supplier Management involves negotiating and agreeing on contracts, updating the supplier and contract database, and planning for possible closure, renewal, or extension of contracts. Managing relationships with internal suppliers is not typically a part of Supplier Management.

Which of the Following Are Objectives of Supplier Management? 1