What type of supplier relationship is characterized by short- and medium-term contracts with some visibility, interaction, and communication through designated contact points?
What type of supplier relationship is characterized by short- and medium-term contracts with some visibility, interaction, and communication through designated contact points?
The supplier relationship characterized by short- and medium-term contracts with some visibility, interaction, and communication through designated contact points is best described as ongoing. Ongoing supplier relationships maintain a continuous but less formal connection, facilitating regular coordination and cooperation without the deeper integration found in joint ventures, partnerships, or strategic alliances.
B. Ongoing. Ongoing supplier relationships are characterized by short- and medium-term contracts with some level of visibility, interaction, and communication through designated contact points. The relationship tends to be less formal and less integrated than a strategic alliance or partnership, and there may be less collaboration and sharing of information between the two parties. However, there is still some level of cooperation and coordination between the buyer and supplier, and the relationship is expected to continue over time.
Ongoing