Vincent is trying to analyze how important his suppliers are to his business. he wants to know which supplier is best for a long-term relationship. if he has to apply the supplier relationship management (srm) strategy, vincent should most likely begin the analysis by first:
a. determining the benchmarking standards of his business against other businesses in the market.
b. calculating how much amount is spent with each vendor and for which products.
c. conducting a life-cycle costing of all the capital equipment used by his business.
d. determining the competition for his business's vendors in the market.
e. conducting a bottom-up forecasting of his business's products.