Author Question: Describe the following:(1 ) Supplier Relationship Management(2 ) Returns Management (3 ) Supplier ... (Read 32 times)

tnt_battle · **on:** Jul 7, 2018

Describe the following:(1 ) Supplier Relationship Management(2 ) Returns Management (3 ) Supplier Evaluation

What will be an ideal response?

Question 2

An enterprise application integration program intercepts data sent by one system and converts it into a format suitable for the receiving system.

Indicate whether the statement is true or false

upturnedfurball · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

The Supplier Relationship Management (SRM) process automates, simplifies, and accelerates a variety of supply chain processes. Broader than the single procurement process, SRM is a management process that helps companies reduce procurement costs, build collaborative supplier relationships, better manage supplier options, and improve time to market.
The Returns Management process manages returns of faulty products for businesses. Efficiently getting the defect to the right supplier and charging the right cost to each company in the supply chain are the goals of the Returns Management process.
The Supplier Evaluation process determines the criteria for supplier selection and adds and removes suppliers from the list of approved suppliers.

Answer to Question 2

TRUE