As Relationships with Suppliers Become More Trusted, Reliable, and Long-Term

question 18

Essay

As relationships with suppliers become more trusted, reliable, and long-term in nature, early supplier involvement has become a popular strategy among firms.Explain THREE benefits gained from using this strategy.

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Definitions:

Tension Reduced

A state or process whereby physiological or psychological tension is decreased.

Stability

The state or quality of being stable; firmness in position.

Deprivation

The lack or denial of something considered to be a necessity, such as food, shelter, or emotional comfort.