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State Whether the Following Statements are True or False.
Q. Vendor management is a term used to describe the process of finding, qualifying and doing business with vendors.
  • a)
    True
  • b)
    False
Correct answer is option 'B'. Can you explain this answer?
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State Whether the Following Statements are True or False.Q.Vendor mana...
  • Vendor management is a term that describes the processes organizations use to manage their suppliers, who are also known as vendors. Vendor management includes activities such as selecting vendors, negotiating contracts, controlling costs, reducing vendor-related risks and ensuring service delivery.
  • Vendor managers facilitate and maintain relationships between your organization and vendors/partners, negotiating contracts, creating standards for the vendors, and finding the best available vendors.
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State Whether the Following Statements are True or False.Q.Vendor mana...
  • Vendor management is a term that describes the processes organizations use to manage their suppliers, who are also known as vendors. Vendor management includes activities such as selecting vendors, negotiating contracts, controlling costs, reducing vendor-related risks and ensuring service delivery.
  • Vendor managers facilitate and maintain relationships between your organization and vendors/partners, negotiating contracts, creating standards for the vendors, and finding the best available vendors.
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State Whether the Following Statements are True or False.Q.Vendor management is a term used to describe the process of finding, qualifying and doing business with vendors.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer?
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