What is the value to the company and the supplier in, Project Management

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What is the value to the company and the supplier in

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

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