For a large company with many strategic supplier alliances, what would be the best way to manage them?
A) Create an alliance board to oversee alliances
B) Reduce the number of supplier alliances to less than five
C) Hire an outside firm to manage them
D) All of the above

Question

Quizplus · Accepted Answer

Creating an alliance board to oversee alliances allows for a centralized and systematic approach to managing supplier alliances. This board can ensure that each alliance is aligned with the company's overall strategy and vision, and they can assess risks and opportunities associated with each alliance. Additionally, this board can serve as a liaison between the company and its strategic suppliers to ensure effective communication and collaboration. Reducing the number of supplier alliances may limit the company's options and competitive advantage, while hiring an outside firm may not fully understand the company's specific needs and goals. Therefore, creating an alliance board is the best choice for managing strategic supplier alliances.

For a Large Company with Many Strategic Supplier Alliances, What