Final answer:
Supplier relationship management focuses on streamlining processes and maintaining effective relationships with suppliers, including assessing and categorizing them for different projects. It is the correct approach for keeping suppliers satisfied and ensuring their alignment with business needs. Option A
Step-by-step explanation:
The correct answer to your question is A. Supplier relationship management. This is an approach to managing a company's interactions with the organizations that supply the goods and services it uses. The main goal of supplier relationship management (SRM) is to streamline and improve processes between a buyer and its suppliers.
SRM is all about collaborating with suppliers and developing mutually beneficial relationships. This includes evaluating and categorizing suppliers for different projects to ensure the needs of the business are met efficiently and effectively. The categorization helps businesses to understand which suppliers can deliver the right goods or services that align with specific project requirements.
On the other hand, Partner relationship management is generally focused on developing relationships between companies and their business partners, such as affiliates or resellers. Employee relationship management pertains to managing the relationship between an employer and its employees. Option A