A ________ exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost or increasing the value of products and services delivered to the ultimate consumer.
A) supplier development agreement
B) reciprocal arrangement
C) shareholder relationship
D) supply partnership
E) strategic alliance

Question

Quizplus · Accepted Answer

A supply partnership is a relationship where a buyer and supplier work together to achieve mutually beneficial goals, such as reducing costs or enhancing product value for consumers.

A ________ Exists When a Buyer and Its Supplier Adopt