Partnering, or partnership sourcing, is increasingly acknowledged as an essential aid to world-class competitiveness.
Partnering enables organisations to
Partnering focuses on co-operation. Both parties are committed to a long-term relationship based on clear, mutually-agreed objectives. They will use the pool of skills and knowledge to maximise their efficiency and reduce the overall cost of doing business.
Partnering means sharing risks and rewards, problems and solutions. With mutual respect and through teamwork, partners build quality into the supply chain, sharing information wherever possible.
In a good partnership, monitoring and evaluation are integral from the outset. And when the time comes to close it, an agreed exit plan avoids any pain or recrimination - all good things must end at some time.
It doesn't matter if you are in the private or public sector, buying or selling, manufacturing or servicing - everyone can benefit from the principles of partnering.
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