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Partnerships Between Buyers and Vendors

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Why do buyers and vendors form partnerships? What do vendors need to know about a retailer in order to have a successful partnership? What do retailers need to know about vendors in order to have a successful partnership? Why are these relationships important?

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Buyers and vendors need to form partnerships due to the fact that these two entities have a close relationship in the supply management process. By working closely with vendors, buyers can form a relationship that will allow them to obtain the best prices possible from vendors, and have products delivered to them in ...

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