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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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Inter-firm learning is crucial to most business partnerships. Using the Kohtamaki (2010) article, "Relationship Governance and Learning in Partnerships," as a guide, think about how governance structures explain the effectiveness of learning in partnerships. Consider a specific example from your research of a particular governance structure that stimulated learning by both partners and a specific example where a particular governance structure hindered or extinguished learning.

For each example above, cite the particular governance structure used, and the expected results. For the success story, did the structure perform as intended, or were there unexpected results of a positive or negative nature? For the failure example, were there any positive results of the applied structure? Suggest a governance structure that you believe would have worked better.

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.
How can inter-firm learning be promoted?
Analyze how governance structures facilitate inter-firm learning in partnerships.
From your research, cite a particular governance structure designed to stimulate learning by both partners and describe how it should work.
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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