Match the following terms to the correct definition. -- A comprehensive approach to managing a firm's suppliers. -- The business functions of purchasing, inventory control, traffic, receiving, incoming inspection and salvage operations. -- The various tasks of identifying, acquiring, and managing the flow of products and services needed to run a business. -- The responsibility for procuring materials, supplies and services. -- The process of having suppliers produce goods or services that were previously produced internally. 1. Purchasing 2. SRM (Supplier Relationship Management) 3. Procurement 4. Outsourcing 5. Supply Management