Supply Chain Management: First Exam Questions and answers, rated A+ / 2024-25 Exam board exam predictions. APPROVED/

Supply Chain Management: First Exam Questions and answers, rated A+ 5 Points of a Supplier Relationship Management System - -1)Automation handles routine transactions 2)Integration covers multiple departments, processes, &software applications 3)visibility of information and process flows 4)collaboration through information sharing 5)optimization of processes and decision making 10 Keys to Success - -1) Building Trust 2)Shared Vision and Objectives 3)Personal Relationships 4)Mutual Benefits and Needs 5)Commitment and Top Management Support 6)Change Management 7)Information Sharing 8)Capabilities 9)Performance Metrics (can't improve what you can't measure) 10)Continuous Improvement Advantages of Centralized - --concentrated volume -leveraging volume -avoid duplication -specialization -lower transport costs -no competition within units -common supply bas