Material management requires the negotiation of terms of service and maintaining the relationship between the buyer and those who sell the firm goods.Which process supports this activity?
A) Supplier selection
B) Purchasing
C) Inventory control
D) Production
E) Materials management

Question

Quizplus · Accepted Answer

Supplier selection is the process of identifying and evaluating potential vendors or suppliers for a firm's materials or services. This process involves negotiating terms of service such as pricing and delivery, as well as assessing vendor capabilities and reliability. Effective supplier selection is crucial for maintaining strong relationships between buyers and suppliers, which is a key component of material management. Purchasing, inventory control, and production are all important processes within material management, but they are not directly related to negotiating terms of service and maintaining relationships with suppliers.

Material Management Requires the Negotiation of Terms of Service and Maintaining