Partnering Approaches
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Questions and Answers

What is the main benefit of a large corporation partnering with local suppliers?

  • Expanding global reach
  • Meeting corporate social responsibility goals (correct)
  • Increasing profits
  • Reducing competition

    • Why is it important for procurement professionals to understand the drivers of partnering?

  • To make informed decisions (correct)
  • To limit potential partners
  • To decrease profits
  • To increase competition

    • What can the drivers of partnering help organisations do?

  • Shape their partnering strategies (correct)
  • Evaluate the success of their marketing efforts
  • Decrease economic development
  • Identify potential competitors

    • Which of the following is NOT a strategic driver for adopting a partnering approach?

    <p>Environmental factors</p> Signup and view all the answers

    Which industry might benefit from partnering to gain access to cutting-edge research and top talent?

    <p>Technology</p> Signup and view all the answers

    Which of the following is an example of how partnering can be a way of sharing and managing risks?

    <p>An automobile manufacturer partnering with a supplier of electric vehicle batteries to develop and test new battery technologies</p> Signup and view all the answers

    Which of the following is an example of how partnering can improve operational efficiency?

    <p>A hospital partnering with a medical equipment supplier to manage equipment maintenance</p> Signup and view all the answers

    What is an example of how partnering can improve quality standards?

    <p>A clothing retailer partnering with a textile supplier to improve quality standards</p> Signup and view all the answers

    What is an example of how partnering can foster innovation?

    <p>A software company partnering with its customers to co-develop new features</p> Signup and view all the answers

    What is an example of how partnering can help organisations respond to intense competition?

    <p>Companies forming partnerships to combine resources and capabilities to develop innovative products</p> Signup and view all the answers

    What is a strategic driver for partnering in industries where innovation is critical for success?

    <p>Competitive Advantage</p> Signup and view all the answers

    What is an example of how partnering can help manage risks in complex or uncertain environments?

    <p>An automobile manufacturer partnering with a supplier of electric vehicle batteries to develop new battery technologies</p> Signup and view all the answers

    What is a potential benefit of collaborating with partners to create additional value?

    <p>Achieving results that would be difficult to achieve independently</p> Signup and view all the answers

    Which of the following is NOT a potential benefit of a large corporation partnering with local suppliers?

    <p>Reducing competition in the market</p> Signup and view all the answers

    What is the potential role of understanding the drivers of partnering for organisations?

    <p>Identifying potential partners</p> Signup and view all the answers

    Which of the following is an example of how partnering can support corporate social responsibility goals?

    <p>Providing training and support to local suppliers</p> Signup and view all the answers

    What is an example of how partnering can help organisations meet social expectations?

    <p>Partnering with environmental consulting companies to ensure compliance with regulations</p> Signup and view all the answers

    Which of the following is an environmental driver for partnering?

    <p>Increasing social expectations</p> Signup and view all the answers

    What is an example of how partnering can improve coordination and efficiency?

    <p>A hospital partnering with a medical equipment supplier to improve patient care</p> Signup and view all the answers

    What is an example of how partnering can foster innovation?

    <p>A software company partnering with customers to co-develop new features</p> Signup and view all the answers

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