Question:
Supplier Relationship Management (SMS) System
What is the value to the company and the supplier in developing and implementing a Supplier Relationship Management (SMS) System?
How can such a system provide greater efficiency?
Describe the value to the organization.
REFERENCE
Wisner, J.D., Tan, K.-C., & Leong, G. (2012). Principles of Supply Chain Management (3rd ed.). Mason, OH: South-Western Cengage Learning