In the settlement phase of an SRM application, the SRM is linked to
A) the financial management application or module.
B) operations and manufacturing department.
C) the company's web ordering system.
D) the supplier's bank account.
E) the inventory management application.

Question

Quizplus · Accepted Answer

In the settlement phase, the SRM is linked to the financial management application or module to ensure that invoices are accurately processed and payments are made to suppliers. This integration helps streamline financial processes and reduce errors. While the SRM may also be linked to other systems such as inventory management or web ordering, these would not necessarily be central to the settlement phase.

In the Settlement Phase of an SRM Application, the SRM