Supplier Relationship Management

Question 2.a. Relationship management with suppliers has become an important
aspect in procurement management. To gain competitive advantage firms tend to
engage either transactional and relationship purchasing (or both) with their
suppliers. Write an argumentative essay discussing at least FOUR reasons on
firms’ Supplier Relationship Management.
Question 2.a. Debate the importance of early supplier involvement in today’s
environment. Highlight some potential problems that could arise with this type of
collaboration. Your answer should include issues of innovation, quality standards
and specifications.
Note: Support (where necessary) your answers with appropriate examples
and references.

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