Describe the types of relationships in a supply chain and how they drive value for the focus firm in a supply chain.
What will be an ideal response?
The different types of relationships managers typically encounter are transactional relationships, complementary relationships, and synergistic relationships. Each of these distinctions is important, and managers must understand which strategy best serves their company.
A firm that pursues a cost advantage through its supply chain partners generally employs a transactional relationship in which buyers and sellers are typically at an arm's length.
A complementary relationship occurs when a company that clearly understands its core competencies needs another firm's competencies so as to maintain world-class service. Generally, such a company understands that it holds a competitive advantage in one area but does not have expertise in another.
The synergistic relationship is a relationship between two companies that are committed to work together in a way that the result is greater than the sum of the individual parts and is typically characterized by an intense, long-lasting relationship in order to create new product ideas, increase their productivity, and create a greater ability to change.
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If bonds with a face value of $1,200,000 are sold at 98, Cash is debited for
a. $1,298,000; b. $1,200,000; c. $1,176,000; d. $1,000,000; e. $98,000
There are two approaches that management can use to estimate the amount of credit sales that would prove to be uncollectible, they are the _____. Over time, the two methods, correctly used, will give the same cumulative income and asset totals. U.S. GAAP and IFRS do not require firms to use one or the other, and some firms use both methods
a. gross amount of sales procedure and the aging-of-accounts-receivable procedure. b. percentage-of-sales procedure and the aging-of-accounts-receivable procedure. c. percentage-of-cost of good sold procedure and the amount of accounts-receivable procedure. d. percentage-of-cost of good sold procedure and the aging-of-notes-receivable procedure. e. gross amount of sales procedure and the amount of accounts-receivable procedure.
How does configuration management manifest itself when you ask for service on your automobile?
What will be an ideal response?
Which of the following statements about B2B e-commerce is not true?
A) Eighty percent of online B2B e-commerce is still based on EDI. B) B2B e-commerce represents approximately 10% of the overall B2B marketplace. C) B2B e-commerce only includes commercial transactions between firms. D) B2B e-commerce revenues are expected to grow to over $8 trillion by 2019. E) B2B e-commerce accounts for more revenue than B2C e-commerce.