GK
IMPORTANT ABBREVIATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Service Related Mail
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Seller Resource Management
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Sales and Revenue Marketing
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Supplier Relation Management
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Detailed explanation-1: -Supplier relationship management (SRM) is the systematic approach to evaluating vendors that supply goods, materials and services to an organization, determining each supplier’s contribution to success and developing strategies to improve their performance.
Detailed explanation-2: -Supplier relationship management (SRM) is a systematic approach to evaluating vendors that supply your organization with goods, materials and services. It’s one of the pieces that fall under the larger umbrella of supply chain management and is a key component to business success.
Detailed explanation-3: -SAP Supplier Relationship Management (SAP SRM) provides you with innovative methods to coordinate your business processes with your key suppliers and make them more effective.
Detailed explanation-4: -It’s true, supplier relationship management (SRM) and customer relationship management (CRM) are related, closely related. The many interactions with suppliers should be viewed as a relationship, one which can and should be managed in a coordinated fashion across functional and business units.