Which of the following is a stage in the relationship lifecycle?
A.
Decline
B.
Graduation
C.
Measuring
D.
Testing
The Answer Is:
C
This question includes an explanation.
Explanation:
Comprehensive and Detailed Explanation:
The supplier relationship lifecycle comprises several stages that outline the progression of the buyer-supplier relationship. One of these stages isMeasuring, which involves assessing the supplier's performance against agreed-upon metrics and key performance indicators (KPIs). This stage is crucial for ensuring that the supplier meets the organization's expectations and for identifying areas for improvement.
[Reference:, "The stages of the relationship life cycle include: Onboarding, Qualification, Segmentation and risk management, Performance management (Measuring), Development and innovation, and Phase-out."— CIPS L4M6 Study Guide, , , ]
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