Question

Which process will perform review of all suppliers and contracts on a regular basis?

Answer 1

Thank you for this question. Please find the answer below: 

The process which will perform the review of all suppliers and contracts on a regular basis is called; 

The Supplier Management. 

In this process the suppliers and their goods are checked in order to avoid loss and inconvenience. The analysis of the contracts is also done for the monetary benefit of the firm as well. This is an important part in the production of goods.

Answer 2

Explanation:

The correct answer should be - Supplier Management and Service Level Management.

Supplier Management functions to ensure that all the contracts with the suppliers are supporting the business needs and that all the contractual commitments is met by the suppliers.

The Service Level Management provides the identification details, and reviews and monitors the IT services at the service levels to ensure that it is in place with the internal IT support and the external suppliers.