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Supplier Relationship: Communication

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The following question is from a discussion in my Quality Assurance course. I don't quite understand it. Can someone explain it?

Mutually beneficial supplier relationships between an organization and its suppliers are interdependent and a mutually beneficial relationship enhances the ability of both to create value for both organizations. The basic success factor in this relationship is communication. Explain why communication is so important.

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Step 1
Communication is so important in supplier relationships because it increases understanding. The supplier needs to understand when the organization will need supplies, where it needs supplies, the quality of supplies, and the price it will receive for its supplies. For example a supplier to Wal-Mart knows exactly the goods it has to ship, when to ship, the price it will receive, and the quality expected.

Step 2
Communication is also important ...

Solution Summary

This solution explains the importance of communication in supplier relationships. The sources used are also included in the solution.

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To complete this Assignment, respond to the following in a 3- to 4-page paper:

Evaluate the importance of inter-firm learning in successful partnerships.
Explain how inter-firm learning contributes to the success of business partnerships.
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How do governance structures promote inter-firm learning throughout all levels of employees in a partnership?
What can HR professionals specifically do to ensure that governance structures enhance the effectiveness of inter-firm learning?

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