What is the common term for a process of developing a long-term relationship with a supplier based on mutual trust, shared vision, shared information, and shared risks?
A) Marrying
B) Cohabitating
C) Sharing
D) Partnering
E) Diversifying

Question

Quizplus · Accepted Answer

Partnering refers to the process of developing a long-term relationship with a supplier based on mutual trust, shared vision, shared information, and shared risks. It involves collaborating to achieve common goals and maximizing value for both parties involved. This approach is becoming increasingly popular in business, particularly in supply chain management.

What Is the Common Term for a Process of Developing