transactional supplier relationship management focuses on analysing the supply base, creating a context for difficult and important questions, and dealing with long term strategies. TRUE or FALSE
transactional supplier relationship management focuses on analysing the supply base, creating a context for difficult and important questions, and dealing with long term strategies. TRUE or FALSE
Supply chain management's crucial practice of "Supplier Relationship Management" (SRM) focuses on how businesses communicate with their suppliers. It includes a variety of tactics and procedures targeted at strengthening the bonds between a business and its suppliers. Effective SRM promotes long-term collaboration, cost effectiveness, and strategic alignment with important suppliers in addition to ensuring the seamless flow of products and services. It's critical to make a distinction between transactional SRM, which deals with day-to-day operational issues, and strategic SRM, which is concerned with creating lasting relationships and attaining long-term goals, in this context.
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