Close collaboration with suppliers in codevelopment and codesign activities enables the focal firm to continuously tap ideas for new products, processes, technologies, and improvements.

Question

Quizplus · Accepted Answer

Close collaboration with suppliers in codevelopment and codesign activities helps in sharing knowledge and resources, which can lead to the development of new products, processes and technologies. It also helps in continuous improvement by addressing any issues or challenges that may arise during production or delivery of products. Therefore, it is true that such collaboration enables the focal firm to continuously tap ideas for new products, processes, technologies, and improvements.

Close Collaboration with Suppliers in Codevelopment and Codesign Activities Enables