APICS Certified Supply Chain Professional (CSCP) — Question 467

The primary purpose of implementing supplier relationship management (SRM) is to:

Answer options

• A. minimize legal contracts.
• B. identify strategic sources of supply.
• C. enable sole or single sourcing.
• D. streamline the procurement process.

Correct answer: B

Explanation

The correct answer is B because the main aim of SRM is to identify and manage strategic suppliers for better sourcing decisions. Options A, C, and D do not capture the fundamental objective of SRM, which is more focused on building strong supplier partnerships rather than just minimizing contracts or streamlining processes.