Is Partnering Right for Your Business?
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Questions and Answers

Which of the following is a potential benefit of partnering in an organization?

  • Decreased innovation
  • Improved operational efficiency (correct)
  • Increased costs
  • Decreased efficiency

What is the first step in identifying potential activities for partnering?

  • Understand organizational needs (correct)
  • Evaluate activities
  • Identify areas with high spend
  • Conduct a spend analysis

Which activities are better kept in-house in an organization?

  • Activities with low expertise
  • Activities with high spend
  • Non-essential activities
  • Core activities (correct)

Which factor is NOT considered when evaluating potential risks and challenges?

<p>The potential cost of partnering with a procurement company (D)</p> Signup and view all the answers

What strategy does AZAR Manufacturing Company use to manage the identified risks?

<p>They use carefully crafted contractual agreements and a solid partnership management strategy (B)</p> Signup and view all the answers

What is AZAR Manufacturing Company's strategic goal in partnering with a procurement company?

<p>To reduce operational costs while maintaining focus on producing high-quality medical equipment (C)</p> Signup and view all the answers

What is the first step in the process of identifying activities suitable for partnering?

<p>Understand organisational needs (C)</p> Signup and view all the answers

What is the main reason why AZAR Manufacturing Company is exploring potential partnerships?

<p>To reduce their production costs (D)</p> Signup and view all the answers

Which activity of AZAR Manufacturing Company is identified as a potential area for partnering?

<p>Procurement of raw materials (B)</p> Signup and view all the answers

What is one potential benefit of partnering with a company that specializes in sourcing and delivering raw materials?

<p>Cost savings (A)</p> Signup and view all the answers

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