Williams Inc.has acquired software to help manage interactions with its supply base.This suggests that Williams Inc.is involved in:
A)Vendor-managed inventory.
B)Supplier relationship management.
C)Online reverse auctions.
D)Supplier auditing.

Question

Quizplus · Accepted Answer

The software acquired by Williams Inc. is related to supplier relationship management, which involves managing interactions with suppliers to improve communication, collaboration, and overall performance. Vendor-managed inventory involves the supplier managing the inventory of the buyer, online reverse auctions involve suppliers bidding against each other online, and supplier auditing involves assessing the performance of suppliers for compliance with standards and requirements.