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Questions and Answers
What is one advantage for the purchaser of partnering with a supplier?
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?
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?
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?
What is one advantage for the supplier in a partnership agreement?
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What is one advantage for the buyer in a partnership agreement?
What is one advantage for the buyer in a partnership agreement?
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What is one benefit of a partnership for the supplier's reputation?
What is one benefit of a partnership for the supplier's reputation?
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What is one benefit of a partnership for the supplier's growth and development?
What is one benefit of a partnership for the supplier's growth and development?
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