____ is the end-to-end process of managing a supplier through the entire sourcing life cycle.
A) P2P
B) CRM
C) Outsourcing
D) Negotiation
E) SRM

Question

Quizplus · Accepted Answer

SRM (Supplier Relationship Management) is the process that involves the end-to-end management of a supplier, including the management of relationships, performance, contracts, and risk through the entire sourcing life cycle. P2P refers to the purchase-to-pay process, which involves the entire process of purchasing and paying for goods and services. CRM (Customer Relationship Management) is the process of managing customer interactions and relationships. Outsourcing refers to the process of hiring an external company to perform a business function. Negotiation is the process of reaching an agreement through compromise and communication between parties involved in a business deal. Therefore, E is the best answer.

____ Is the End-To-End Process of Managing a Supplier Through