Supplier relationship management is the same thing as an SRM system.

Question

Quizplus · Accepted Answer

Supplier relationship management (SRM) is a broad concept that encompasses the management of all relationships with suppliers, including communication, negotiation, and collaboration. An SRM system, on the other hand, is a technology platform that helps organizations manage their SRM activities more effectively. Therefore, supplier relationship management and an SRM system are not the same things.

Supplier Relationship Management Is the Same Thing as an SRM