Partnering in Procurement
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Questions and Answers

What is one advantage for the purchaser of partnering with a supplier?

  • Higher costs due to reliance on supplier
  • Decreased control over the project
  • Access to supplier expertise and innovation (correct)
  • Increased competition with other purchasers

    • What is an example of a purchaser achieving cost savings through partnering with a supplier?

  • Higher costs
  • Increased waste
  • Decreased quality
  • Streamlined processes (correct)

    • Why might a purchaser undertake a high-risk project with more confidence through partnering with a supplier?

  • Having more control over the project
  • Reducing the project scope
  • Taking on all the risks themselves
  • Sharing risks with the supplier (correct)

    • What is one advantage for the supplier in a partnership agreement?

    <p>Stable source of demand and revenue</p> Signup and view all the answers

    What is one advantage for the buyer in a partnership agreement?

    <p>Reduced transportation and warehousing costs</p> Signup and view all the answers

    What is one benefit of a partnership for the supplier's reputation?

    <p>Enhanced reputation</p> Signup and view all the answers

    What is one benefit of a partnership for the supplier's growth and development?

    <p>Enhanced capabilities and competitiveness</p> Signup and view all the answers

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