Problem
Write short notes on partnering?
a) Three broad categories of relationships(Adversarial, Barometric, Complementary)
b) Goals of partnership(Reduction in waste , Shortening of lead times ,Reduction in cost, Improvement in quality , Continuous improvement of product and process, Simplification of process)
c) Key requirements for successful partnerships: -any five of the following
- common shared vision and goals
- seek and adopt mutually beneficial practices
- parties involved understand each other's needs
- Communication is the centre piece upon which a relationship is built
- understanding that each of the partners has unique sets of capabilities
- support of the top management - senior management and executive support - is crucial to ensure the success of the partnership
- require more than information sharing
- technology that organisations can achieve true integration and collaboration
- Networking
- Using networks and business referrals enable an organisation to quickly establish credibility with clients and vendors