Encouraging or helping a firm's suppliers to perform in a desired fashion can be referred to as:
A)Progressive procurement
B)Supplier management
C)Right-shoring
D)Supply chain performance management

Question

Encouraging or helping a firm's suppliers to perform in a desired fashion can be referred to as:
A)​Progressive procurement
B)​Supplier management
C)​Right-shoring
D)​Supply chain performance management

Quizplus · Accepted Answer

The term for encouraging or helping a firm's suppliers to perform in a desired fashion is known as supplier management. Progressive procurement is a concept related to continuous improvement in procurement processes. Right-shoring refers to selecting the most appropriate location for production or outsourcing activities. Supply chain performance management involves measuring and improving the performance of the entire supply chain, including suppliers, distributors, and logistics providers. However, supplier management specifically addresses the management of supplier performance.

Encouraging or Helping a Firm's Suppliers to Perform in a Desired