Distinguish between strategic items and core standard items

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Reference no: EM132149879

This is related Sourcing and Supplier Relationships in Supply chain

(1) Using suitable examples, distinguish between “Strategic Items” and “Core Standard Items”.

(2) Should a company develop partnership relationship with all its suppliers? Why or why not?

(3) Is the “Diamond model” for supplier relationship superior to the “Bow-tie” model? Explain.

(4) What do you understand by “Supplier development” and why is it important?

(5) Clearly describe the benefits of centralizing procurement instead of decentralizing it.

Reference no: EM132149879

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