Problem

Write short notes on partnering?

a) Three broad categories of relationships(Adversarial, Barometric, Complementary)

b) Goals of partnership(Reduction in waste , Shortening of lead times ,Reduction in cost, Improvement in quality , Continuous improvement of product and process, Simplification of process)

c) Key requirements for successful partnerships: -any five of the following

• common shared vision and goals
• seek and adopt mutually beneficial practices
• parties involved understand each other's needs
• Communication is the centre piece upon which a relationship is built
• understanding that each of the partners has unique sets of capabilities
• support of the top management - senior management and executive support - is crucial to ensure the success of the partnership
• require more than information sharing
• technology that organisations can achieve true integration and collaboration
• Networking
• Using networks and business referrals enable an organisation to quickly establish credibility with clients and vendors