Global Supply Chain Management (Group 1) by Alexis Barlow https://padlet.com/alexisbarlow/GSCM1 en-us 2022-11-17 10:47:51 UTC 2022-11-17 12:06:03 UTC hello@padlet.com https://padlet.net/icons/png/1f69b.png QUESTION 1 https://padlet.com/alexisbarlow/GSCM1/wish/2388138928 *The Collins Concise Dictionary describes relationship as the: State of being related and it basically means the friendship, contact, and communications that exist between people.

*Usually, a relationship is based on mutual benefits and varies depending on the circumstances. Supply chain management completely depends on relationships and connections that exist among the various entities involved in the SCM.

*SCM involves linking different people from different departments and companies to ensure the smooth operation of the supply chain. Hence relationship management is one of the most important aspects of SCM. 

*Having a mutually win-win relationship can have a huge impact on the performance and profits of the company.

]]> 2022-11-17 11:48:44 UTC https://padlet.com/alexisbarlow/GSCM1/wish/2388138928 Question 3 https://padlet.com/alexisbarlow/GSCM1/wish/2388151171 To improve Supply Chain relationships: 

*Top-to-top regular & transparent communications are key.
*Avoid opportunistic approaches in relationships. 
*Be fair & share all the benefits and rewards equally. ]]> 2022-11-17 12:00:14 UTC https://padlet.com/alexisbarlow/GSCM1/wish/2388151171 QUESTION 2 https://padlet.com/alexisbarlow/GSCM1/wish/2388156279 The Transactional Relationship in the Supply Chain is the period between the time it takes you (the exporter) to pay your suppliers, and the time it takes for you to get paid by your buyers (the importer).

relation based :identifies the relationships at the very core of your supply chain and manages them to drive efficiencies and effectiveness. ]]> 2022-11-17 12:04:49 UTC https://padlet.com/alexisbarlow/GSCM1/wish/2388156279 Question 4 https://padlet.com/alexisbarlow/GSCM1/wish/2388157532 Good practices in SR development:
To maintain loyalty and reliability throughout. 
Honest communication within the entire supply chain network. 
Sharing information and ideas. 

Bad practices:
Limited Communication

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