The benefits of supplier relationship management (SRM) can be attributed to:
The benefits of supplier relationship management (SRM) can be attributed to:
The benefits of supplier relationship management (SRM) can be attributed to the improvement of the interactions and business processes between buyers and suppliers. SRM focuses on building strong relationships with suppliers through better communication and collaboration, leading to enhanced process efficiency, reduced costs, and minimized risks. This improvement in interactions ensures a more reliable and responsive supply chain.
B. improvement of the interactions and business processes between buyers and suppliers. Supplier relationship management (SRM) focuses on building strong relationships with suppliers, which can lead to better communication, collaboration, and overall process efficiency. By improving interactions and streamlining business processes, companies can reduce costs, enhance innovation, minimize risks, and ensure a more reliable and responsive supply chain. While the other options may be indirect benefits or components of SRM, the primary benefit can be attributed to the improvement of interactions and business processes between buyers and suppliers.
The goal of SRM is to build strong relationships with key suppliers that can help the company achieve its business objectives