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Question 491 - CSCP discussion

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Which of the following factors is a key motivation for supply chain collaboration?

A.
Technology
Answers
A.
Technology
B.
Traditional accounting methods
Answers
B.
Traditional accounting methods
C.
Regular negotiations
Answers
C.
Regular negotiations
D.
A common interest
Answers
D.
A common interest
Suggested answer: D

Explanation:

Supply chain collaboration is driven by the recognition that all parties involved can achieve better outcomes by working together than by operating independently. Key motivations for collaboration include:

Shared Goals and Interests: Collaboration is often motivated by the realization that parties have overlapping objectives, such as improving efficiency, reducing costs, enhancing service levels, and achieving sustainability goals.

Mutual Benefits: When supply chain partners understand that working together can lead to mutual benefits, such as increased market share, innovation, and improved competitive positioning, they are more likely to collaborate.

Trust and Commitment: Establishing trust and a commitment to a long-term relationship is crucial. Common interests help build this trust and commitment, leading to more effective collaboration.

Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2008). Designing and Managing the Supply Chain. McGraw-Hill/Irwin.

Christopher, M. (2016). Logistics & Supply Chain Management. Pearson UK.

asked 16/09/2024
Rajiesh George
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