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From vendor to partner: Why and how leading companies collaborate with suppliers for competitive advantage
Author(s) -
Hughes Jonathan
Publication year - 2008
Publication title -
global business and organizational excellence
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 16
eISSN - 1932-2062
pISSN - 1932-2054
DOI - 10.1002/joe.20201
Subject(s) - vendor , purchasing , business , key (lock) , marketing , competitive advantage , value (mathematics) , supplier relationship management , industrial organization , supply chain , supply chain management , computer science , computer security , machine learning
Despite the emergence of supplier relationship management, manytypes of barriers prevent companies from transforming traditional purchasing relationships with key suppliers into powerful collaborations that can produce substantial value for both parties. The secret of collaborative customer‐supplier relationships is not only what the parties do together but also what they believe about each other and how they interact. Using recent survey data, the author discusses the behaviors, perceptions, and practices that inhibit vendor‐customer collaboration; examines several successful partnerships involving leading companies; examines what constitutes a “good” business‐to‐business relationship; and recommends steps companies can take to begin to transform their key supplier relationships into real partnerships. © 2008 Wiley Periodicals, Inc.