Which of the following is the first step in creating a valuable supplier management information system?

Question

Quizplus · Accepted Answer

The first step in creating a valuable supplier management information system is to collect and update all supplier information and ensure all vendor and supplier purchases and contracts are centrally controlled. This allows for effective management and control of supplier relationships which lays the foundation for future assessment such as quality services, corporate social responsibility, and financial position.

Which of the Following Is the First Step in Creating