Description
Article 7 is titled “Reinventing Supplier Innovation Relationships” and includes the following topics:
- Create internal alignment among critical functional groups.
- Agree on an internal definition of commodity versus innovation
- Actively manage the portfolio of supplier innovation projects.
- Develop an effective communication structure to support a zipper approach to the relationship
- Create a common language.
- Keep organizational responsibilities in phase with the asset’s transition from innovation to commodity
- Build and maintain trust
- Establish structures that allow each firm to respond to the dynamics of the other’s business model
- Apply meaningful metrics
Wall Street Journal Article: “How U.S. Uses Supply Chain Sway to Throttle China’s Chip Development,” Link: https://www.wsj.com/articles/how-u-s-uses-supply-chain-sway-to-throttle-chinas-chip-development-11666526403
Links to an external site.
Please review the assigned materials before answering the questions below.
Questions ————————————————————————–
- Discuss the importance of reinventing supplier relationships after the global supply disruption created by the COVID-19 pandemic.
- Describe how buyers and suppliers can work together to create innovative solutions while dealing with restrictions set by the United States.
- What are the risks of developing new product innovation relationships with suppliers outside China?
- Please provide an insightful question about establishing innovative partnerships to solve the current challenges created by disruptions in global supply chains. Why is this an important question?
