Violet is developing a supplier relationship management strategy (SRM)for her company.The first step she will take is to determine the _____ with each vendor.
A) efficient consumer response procedure
B) electronic data interchange protocol
C) gatekeeper structure
D) annual spend
E) material requirements

Question

Quizplus · Accepted Answer

The first step in developing an SRM strategy is to determine the annual spend with each vendor. This will help prioritize which vendors require the most attention and resources in terms of relationship management.

Violet Is Developing a Supplier Relationship Management Strategy (SRM)for Her