In ______________ component of supply chain management, companies must carefully choose reliable suppliers that will deliver goods and services required for making products, and develop a set of pricing, delivery, and payment processes with suppliers and create metrics for monitoring and improving the relationships.
A) Plan
B) Source
C) Cost
D) Deliver

Question

Quizplus · Accepted Answer

The Source component of supply chain management involves selecting and building relationships with suppliers to ensure a reliable supply of goods and services. This includes negotiating pricing, delivery, and payment terms, as well as setting metrics to measure and improve supplier performance.

In ______________ Component of Supply Chain Management, Companies Must Carefully