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This is related Sourcing and Supplier Relationships in Supply chain (1) Using suitable examples, distinguish between “Strategic Items”...

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General Management

This is related Sourcing and Supplier Relationships in Supplychain

(1) Using suitable examples, distinguish between “StrategicItems” and “Core Standard Items”.

(2) Should a company develop partnership relationship with allits suppliers? Why or why not?

(3) Is the “Diamond model” for supplier relationship superior tothe “Bow-tie” model? Explain.

(4) What do you understand by “Supplier development” and why isit important?

(5) Clearly describe the benefits of centralizing procurementinstead of decentralizing it.

Answer & Explanation Solved by verified expert
3.9 Ratings (384 Votes)
Strategic items are those that have high impact on the profit making and high risk of supply They demand most attention of the purchasing managers They can be dealt by developing    See Answer
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