ASSIGNMENT HELP | Identify the goal and requirements of a supplier partnership.

Identify the goal and requirements of a supplier partnership. Develop/discuss the stages of a supplier partnership. Refer to this week’s lecture before crafting your post.

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Goals and Requirements of Supplier Partnership

The supply chain entails multiple challenges, primarily with respect to creating trust and collaboration with other parties. A supplier partnership is a cooperative relationship between a supplier and a customer to strengthen individual ties and resource links for mutual | PLACE YOUR ORDER NOW AT writtask.com | parties involved must have the coordination that | PLACE YOUR ORDER NOW AT writtask.com | a good measure of | PLACE YOUR ORDER NOW AT writtask.com | a good relationship is established, the parties enjoy a wide range of benefits like reduced capital and transaction | PLACE YOUR ORDER NOW AT writtask.com | of relationship established is the basis of determining the creation of a trust to conduct a successful business.

The primary objective of the supplier partnership is to improve performance, and as a result, there must be specific requirements to | PLACE YOUR ORDER NOW AT writtask.com | must be integrated by pooling | PLACE YOUR ORDER NOW AT writtask.com | together using transparent | PLACE YOUR ORDER NOW AT writtask.com | party has more knowledge than the other does, the collaboration would be built on information asymmetry, which is detrimental to the achievement of optimal | PLACE YOUR ORDER NOW AT writtask.com | be joint planning, forecasting, and | PLACE YOUR ORDER NOW AT writtask.com | of information to create an integrated | PLACE YOUR ORDER NOW AT writtask.com | supplier and customer would benefit from a reduced cost of operation.

Stages of Supplier Partnership

Supplier partnerships should be procedural to ensure both the supplier and the customer are | PLACE YOUR ORDER NOW AT writtask.com | the need for collaboration in the organization and then develop a shared vision with measurable benefits for both | PLACE YOUR ORDER NOW AT writtask.com | should then develop a governance structure to coordinate and manage the responsible team like the procurement | PLACE YOUR ORDER NOW AT writtask.com | should be aligned with the business | PLACE YOUR ORDER NOW AT writtask.com | to satisfy the mission of the | PLACE YOUR ORDER NOW AT writtask.com | organization should gather the necessary human and financial resources to integrate the changes in | PLACE YOUR ORDER NOW AT writtask.com | should then be implemented, and if successful, a team of competent stakeholders should be trained to complete the project.

References

Gadde, L. E., & Snehota, I. (2015). Supplier Partnerships–what does it mean?. In Global Perspectives in Marketing for the 21st Century (pp. 380-383). Springer, Cham.

Mofokeng, T. M., & Chinomona, R. (2019). Supply chain partnership, supply chain collaboration and supply chain integration as the antecedents of supply chain performance. South African Journal of Business Management50(1), 1-10.

Papulova, Z. (2014). The significance of vision and mission development for enterprises in Slovak Republic. Journal of Economics, Business and management2(1), 12-16.

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