ADM 3302 Chapter Notes - Chapter 3: Supplier Relationship Management, Personal Relationships, Microsoft Powerpoint

• School: University of Ottawa
• Department: Administration
• Course: ADM 3302
• Professor: Sara Hajmohammad

Document Summary

Good supplier relations can provide many benefits: delivery flexibility, better quality, better information, and faster material flows between buyers and suppliers. Can contribute to innovations and have the potential to create a competitive advantage for the firm. Supplier partnership: a commitment over an extended time to work together to the mutual benefit of both parties, sharing relevant information and the risks and rewards of the relationship. In some organizations, however, the term strategic alliance is used to describe a more inclusive relationship involving the planned and mutually advantageous joint utilization of additional operating resources of both organizations. Developing supplier relationships (on powerpoint slides these are the drivers of. Key ingredients for developing successful partnerships: building trust: should be built at all levels of the organization, not just senior management. It enables organizations to share valuable information, devote time and resources to understand the other"s business.