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Question 462 - CSCP discussion

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A company planning to build collaborative relationships with trading partners should first:

A.
implement technology for information sharing.
Answers
A.
implement technology for information sharing.
B.
document transaction rules and procedures.
Answers
B.
document transaction rules and procedures.
C.
organize cross-enterprise teams.
Answers
C.
organize cross-enterprise teams.
D.
ensure commitment from top management.
Answers
D.
ensure commitment from top management.
Suggested answer: D

Explanation:

Building collaborative relationships with trading partners requires a foundational commitment from top management. This ensures that the initiative has the necessary support, resources, and alignment with the company's strategic goals. Commitment from leadership drives the cultural and organizational changes needed for effective collaboration. Subsequent steps include implementing technology for information sharing, documenting transaction rules, and organizing cross-enterprise teams.

Reference:

'Building Collaborative Relationships with Suppliers,' Supply Chain Management Review.

'The Role of Top Management in Supply Chain Collaboration,' Journal of Business Logistics.

asked 16/09/2024
efrem perry
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