Which of the following processes is associated with this sequence: Supplier Identification & Selection,Requests for Quotation (RFQ),Manage Auctions & Bidding,Establish & Manage Contracts,Monitor Supplier Relationships?
A)Human Capital Management Process
B)Demand-to-Order Process in CRM
C)Source-to-Settle Process in SRM
D)Plan-to-Produce Process in SCM

Question

Quizplus · Accepted Answer

The given sequence is associated with the Source-to-Settle Process in SRM (Supplier Relationship Management). This process involves identifying and selecting suppliers, sending requests for quotations (RFQs), managing auctions and bidding processes, establishing and managing contracts, and monitoring relationships with suppliers. Therefore, option C is the correct choice. The other options are not relevant to this sequence of activities.

Which of the Following Processes Is Associated with This Sequence