Answered: Outline the characteristics of future…

Business

Operations Management

Outline the characteristics of future supplier relationships.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.2SA

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Question

The field of sourcing and supply chain management is characterised by constant change. Companies like are finding new ways of doing business to remain competitive. Moving forward, the focus will shift from arm’s length transactions to closer, collaborative relationships with key suppliers. Organizations may find it in their favour to incorporate suppliers into the business and develop strategic supply relationships with them. Outline the characteristics of future supplier relationships.

Study of the supply of goods and services between businesses and from businesses to customers. Supply chain management includes demand and supply planning, negotiation techniques, supplier relations, supply chain optimization, analysis, and integration.

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