A comprehensive system, facilitated by software, that management the firm's interactions with its supply base is:
A)Supplier certification.
B)Supplier scorecard.
C)Supplier relationship management.
D)Collaborative planning, forecasting, and replenishment.

Question

Quizplus · Accepted Answer

The comprehensive system described in the question is Supplier Relationship Management (SRM), which is the process of managing and organizing all interactions with a firm's supply base. This includes everything from initial supplier selection and onboarding to ongoing performance monitoring and improvement. SRM is typically facilitated by software solutions that offer features such as supplier performance analytics, supplier collaboration tools, and contract management capabilities. Supplier certification, supplier scorecarding, and Collaborative Planning, Forecasting, and Replenishment (CPFR) are all components of SRM but do not encompass the entire process. Therefore, the best choice is C - supplier relationship management.

A Comprehensive System, Facilitated by Software, That Management the Firm's