Monday, May 13, 2019
The assignment for this week is to answer the the following questions
The for this week is to answer the the following questions from the textbook - Assignment ExampleIt allows both the partners to gain maximum benefits creating a win-win military post for them.As the term implies, partnering is beneficial for both parties involved. The main objective of partnering is to improve quality of the business. It results in the overture of important areas such as manufacturing process, the products itself, relation between the consumers and suppliers and in turn the client contentment. Together these things plus the effectiveness of the business. A perfect example of the disadvantage of not having a partnering is the green Volvo case. Volvo manufactured a lot of green cars which could not gain the public interest and had almost no sales. To quickly cope this model, the marketing and sales departments started heavy promotions such as large discounts and rebates. What they did not do was to in physique their suppliers of the case. So when the Volvo supplie rs saw the green cars sell at such a speed, they doubled the manufacturing of the green cars. The result was privation of a lot of money and resources. We can say that partnering removes the invisible wall that exists between the manufacturer and customer and the supplier and manufacturer. Some of the advantages also include reduced costs and increased speed of the whole working(a) process.Nowadays people avoid going into the manufacturing business alone. Most companies tend to partner with their suppliers in nightclub to form a mutually valuable working relation. Rick Hughes, the chief purchasing officer of P&G, a consumer goods company, talked about their strong regard for partnering with suppliers We expect the best from our business partners, and we are focused on growing long-term relationships that are sustainable, innovative and create joint value(Jusko, 2011). There are nonetheless some requirements that should be met by a supplier to be able to partnering. In order to f orm a successful supplier partnering, the supplier personnel should interact with the
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