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:

Active RFID

A type of RFID system where tags possess their own power source to transmit signals to RFID readers, enhancing range and reliability.

Internal Power Source

The origin or basis of an individual's or group's ability to influence or control events, actions, or others, stemming from within themselves or their position.

Evidence-Based Model

A decision-making process that relies on the use of data, facts, and empirical evidence as the foundation for making decisions.

Better Diagnosis

Improved identification and understanding of a problem, condition, or disease, often leading to more effective solutions or treatments.