_____ is defined as the process by which two or more parties adopt a high level of purposeful cooperation to maintain a trading relationship over time to achieve specific goals.
A) Supply base management
B) Collaboration
C) KPI
D) Supply integration
E) SRM

Question

Quizplus · Accepted Answer

Collaboration is the process by which two or more parties adopt a high level of purposeful cooperation to maintain a trading relationship over time to achieve specific goals. Supply base management refers to the process of identifying, evaluating, and managing suppliers. KPI (Key Performance Indicator) is a metric used to evaluate how well a company or individual is performing. Supply integration refers to the process of integrating supply chain processes, systems, and people to improve overall efficiency and effectiveness. SRM (Supplier Relationship Management) is the process of managing and optimizing relationships with suppliers to achieve strategic objectives. Out of all the choices, collaboration best describes the definition given in the question.

_____ Is Defined as the Process by Which Two or More