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Question 130 - CSCP discussion

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The strategy to implement supplier relationship management has been developed. The most appropriate next step is to:

A.
develop criteria for prospective partners.
Answers
A.
develop criteria for prospective partners.
B.
develop policies for alliances.
Answers
B.
develop policies for alliances.
C.
select initial partners.
Answers
C.
select initial partners.
D.
conduct a pilot implementation.
Answers
D.
conduct a pilot implementation.
Suggested answer: A

Explanation:

Strategy Development: Once the supplier relationship management (SRM) strategy is developed, the next step is to establish clear criteria for selecting prospective partners.

Criteria Development: These criteria typically include factors such as supplier reliability, financial stability, quality standards, capacity to meet demand, technological capabilities, and alignment with the company's strategic objectives.

Importance: Developing these criteria is crucial as it ensures that the company selects suppliers who are most likely to contribute to its long-term success and who can form mutually beneficial partnerships.

Next Steps: After criteria development, the company can proceed to identify and evaluate potential suppliers against these criteria before making selections and moving forward with SRM implementation.

Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation. Pearson.

Handfield, R. B., & Nichols, E. L. (2002). Supply Chain Redesign: Transforming Supply Chains into Integrated Value Systems. FT Press.

asked 16/09/2024
Nigel Choji
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