The assignment for this week is to answer the the following questions

The for this week is to answer the the following questions from the textbook - Assignment Example It allows both the partners to gain maximum benefits creating a win-win situation for them. As the term implies, partnering is beneficial for both parties involved. The main objective of partnering is to improve quality of the business. It results in the betterment of important areas such as manufacturing process, the products itself, relation between the consumers and suppliers and in turn the customer contentment. Together these things increase the effectiveness of the business. A perfect example of the disadvantage of not having a partnering is the green Volvo case. Volvo manufactured a lot of green cars which could not gain the public interest and had almost no sales. To quickly sell this model, the marketing and sales departments started heavy promotions such as large discounts and rebates. What they did not do was to inform their suppliers of the case. So when the Volvo suppliers saw the green cars sell at such a speed, they doubled the manufacturing of the green cars. The result was loss of a lot of money and resources. We can say that partnering removes the invisib le wall that exists between the manufacturer and customer and the supplier and manufacturer. Some of the advantages also include reduced costs and increased speed of the whole working process. Nowadays people avoid going into the manufacturing business alone. Most companies tend to partner with their suppliers in order to form a mutually valuable working relation. Rick Hughes, the chief purchasing officer of P&G, a consumer goods company, talked about their strong regard for partnering with suppliers ‘We expect the best from our business partners, and we are focused on growing long-term relationships that are sustainable, innovative and create joint value’(Jusko, 2011). There are however some requirements that should be met by a supplier to be able to partnering. In order to form a successful supplier partnering, the supplier personnel should interact with the