A partnership was created between a company and one of its local suppliers when the managing directors of each company met and thought partnering could be a good idea. No other departments were included in the discussions. The partnership has been in place for over a year, but neither of the companies has achieved any additional benefits. The company has been unable to offer any increased business to the supplier, and the supplier has been unable to improve on the quality of its products. The partnership is going to be terminated. What is a possible main reason for the failure of the partnership?
Which of the following are correct statements with regards to a joint venture and with regards to a strategic alliance? Select TWO that apply.
Fashion buyer Kamal Sumai is working closely with a key overseas supplier and is monitoring and forecasting cost volatility within the fabric market. Kamal has decided it is the right time to raise a purchase order with his supplier for a greater quantity of fabric than he currently needs. Kamal is attempting to avoid an imminent price increase. What is this tactic known as?
According to the STEEPLED analysis framework, what considerations are likely to be evaluated under the ‘political’ factor?
Consumerism in the supply chains
Grants and subsidies to the supply chains
Civil unrest and war in the supply chains
Wage rates in the supply chains
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