“WE’RE IN THIS TOGETHER”
The article is all about successful supply chain partnership elaborated by authors Douglas Lambert and Michael Knemeyer, they cited the processes between Wendy’s International and Tyson Foods to analyze faulty and precise managing of supply chain partnerships. Supply chain involves the network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers, effective management of the supply chain focus on valuable supply chain partnership, that if taken for granted may lead to mismatched or failed expectations, which could eventually flaw business relationships and business performance.
The Partnership Model, employed by Wendy’s International and Tyson Foods, is a new tool among companies that aids in aligning of expectations and determining levels of cooperation for both companies to be most productive. We believe that this model is beneficial to partner companies since it wraps up most areas of concern such as: 1) company’s transparency for engaging in partnerships including its goals for collaboration, 2) key persons’ role in assessing conditions that facilitate or hamper cooperation, as well as delineating of roles and tasks of both companies, and 3) defining the level of partnership to be implemented. This model, as used by Wendy’s and other partnerships creates mutual understanding and commitment for the success of both parties, further, it provides a structure for measuring outcomes.
We agree that partnerships require much communication, coordination, and risk sharing; just like in simple collaborative school or office project where members are expected to work for a common goal, be in sync with one another, lastly, be prepared in any possible outcome or consequence. Small collaboration or partnerships as we have mentioned cause big tolls, thus what more for partnerships among giant companies? Therefore, partnerships should be...
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