SRIP programs are used by buyers to evaluate the quality of performance for each vendor they use.

Question

Quizplus · Accepted Answer

SRIP programs, which stand for Supplier Relationship Improvement Programs, are indeed used by buyers to evaluate the quality of performance of their vendors. These programs typically include metrics and evaluations that help the buyer assess the vendor's reliability, quality of products or services, responsiveness, and overall value. By using SRIP programs, buyers can decide which vendors to keep, which to replace, and how to negotiate better terms and conditions for their procurement needs.

SRIP Programs Are Used by Buyers to Evaluate the Quality