All categories

2 years ago

Is the end-to-end process of managing a supplier through the entire sourcing life cycle?

Business

1 answer:

dalvyx [7]2 years ago

5 0

The answer is the Supplier Relationship Management.

Supplier relationship management (SRM is a methodical way to analyzing suppliers that supply an organization with goods, materials, and services, establishing each supplier's contribution to success, and devising plans to enhance their performance.

The SRM discipline aids in determining the value that each supplier delivers and which ones are most important to company continuity and performance. It also helps managers to establish stronger connections with suppliers depending on the significance of each source.

Therefore, the answer is supplier relationship management.

To know more about supplier relationship management click here:

brainly.com/question/23864794

#SPJ4

You might be interested in

Identify which department has stewardship over the following journals, ledgers, and files.

fredd [130]

Answer:

a. Customer open order file ⇒ SALES ORDER DEPARTMENT

This department deals with customer orders so they open the customer open order file.

b. Sales journal ⇒ BILLING DEPARTMENT.

In order the know how much to bill customers, this department does the sales journal.

c. Journal voucher file ⇒ BILLING DEPARTMENT

Journal voucher file is derived from the sales journal so it also falls under the billing department.

d. Cash receipts journal ⇒ CASH RECEIPTS DEPARTMENT

Cash receipts department are in charge of cash transactions that involve receipts so they are in charge of making the relevant journal.

e. Inventory subsidiary ledger ⇒ INVENTORY CONTROL DEPARTMENT

f. Accounts receivable subsidiary ledger ⇒ ACCOUNT RECEIVABLE DEPARTMENT

As the department in charge of transactions related to the Account receivables, this department is in charge of the ledger that records these receivables.

g. Sales history file ⇒ SALES DEPARTMENT

h. Shipping report file ⇒ SHIPPING DEPARTMENT

The shipping report file shows details of goods shipped to customers and so this falls under the responsibility of the shipping department.

i. Credit memo file ⇒ CREDIT DEPARTMENT

j. Sales order file ⇒ SALES DEPARTMENT

k. Closed sales order file ⇒ SALES DEPARTMENT

The sales department is in charge of these last two because everything that has to do with sales falls under the Sales department except for when the sale is first ordered.

8 0

3 years ago

Legal ownership in one country does not necessarily mean ownership in other countries

Nonamiya [84]

The statement above is TRUE.
In common law countries, ownership of an intellectual property is established by prior use while in code law countries ownership is established by the registration of that property. Which means that legal ownership in one country does not necessarily mean ownership in other countries.

7 0

3 years ago

Which of the following statements is correct? A. Control is most effective when two or three people are given responsibility for

Furkat [3]

Answer:

"B"

Explanation:

Segregation of duties is a major international control procedure where responsibilities are shared between two or more individuals.

The aim is to minimize or prevent the opportunity for a particular individual to execute and cover up fraudulent activities.

It is arranged in a way that an individual is in the position to keep a check over the activities of the other party.

3 0

3 years ago

Soda and pizza are complements because they are often enjoyed together. When the price of soda rises, what happens to the supply

almond37 [142]

Explanation:

In the case of the complements goods, if the price of the soda rises, the demand would be decreased and the supply would rises. Since the soda and pizza are complementary goods so the impact of one good would be the same for another good also

Moreover, we also know that the price and the demand has an inverse relationship but the price and the supply has a direct relationship

6 0

3 years ago

In terms of the number and dollar volume of transactions, the b2b market is __________ the consumer market.

Alexandra [31]

Answer:

Larger than

Explanation:

The b2b market which is the business to business market is larger than the consumer market in terms of number and dollar volume of transactions. This is majorly due to the fact that business to business transactions entails wholesaling transactions, while consumer markets entails retailing transactions. Thus, in b2b, the amount of goods bought by a business is usually larger than what is being bought by an individual in the consumer markets. The transactions in b2b markets are much more bigger than the transactions in consumer markets in terms of monetary value.

4 0

4 years ago