How can technology support SRM practices?

The choice that illustrates how technology can support Supply Relationship Management (SRM) practices is centered on providing essential tools for various functions, including data analysis, communication, and workflow management. These elements are crucial for efficient collaboration and decision-making between organizations and their suppliers.

By facilitating data analysis, technology allows companies to gain insights into supplier performance, market trends, and risk factors, thereby promoting informed decision-making. Enhanced communication tools enable timely interactions and foster better relationships, which are essential for successful SRM. Moreover, effective workflow management tools streamline processes and enhance productivity, ensuring that tasks related to supplier management are completed efficiently and transparently.

In contrast, other options suggest limitations or negative impacts of technology on SRM practices, which do not align with the overall goals of improving supplier relationships and operational efficiency.