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Supplier relationship management concerns facilitating the operations and communications between the buyer and supplier using software applications.
What is supplier relationship management?
Supplier relationship management (SRM) is the method of determining the providers or suppliers that are essential to a business and executing a system of managing connections with those critical suppliers.
The objective of SRM is to increase the importance of supplier connections and to streamline acquisition processes. Without an adequate SRM technique, buyers risk cut off supply chains, etc.
Therefore, Supplier relationship management is concerned with the facilitation of operations and communication between the buyers and the suppliers.
Learn more about the Supplier relationship management, refer to:
https://brainly.com/question/25646504
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