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Question: 1 / 2185

Which aspect is crucial when developing a supplier relationship?

Strictly monitoring their performance

Creating open channels for feedback

Creating open channels for feedback is crucial when developing a supplier relationship because it fosters transparency and trust between both parties. Open communication allows for the exchange of ideas, concerns, and suggestions, leading to continuous improvement and stronger collaboration. When suppliers feel comfortable providing feedback, they are more likely to share insights that can enhance processes, reduce costs, and improve product quality.

Additionally, open feedback channels can help identify and resolve issues before they escalate, resulting in a more resilient and productive partnership. This collaborative approach ultimately contributes to a more successful and sustainable supply chain dynamic.

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Eliminating negotiation stages

Relying solely on contractual obligations

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