Common Vision

When embarking on partnering or supplier development programmes, purchasers align themselves with suppliers and their business practices and values.

Information about Common Vision

The adversarial approach to procurement is no longer seen as the best way to get the most out of supplier relations. It still has a part to play, namely in the purchase of low value, low risk commodity items and services, but increasingly cooperation within the supply chain is accepted as an efficient means of enhancing trading relationships in the long term. This in turn can improve product development and quality of service and has the potential to significantly reduce operational costs.

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Related concepts

Supplier Relationship Management (SRM)

Frequent interactions and close relationships with suppliers can have a positive effect on the exchange and flow of information and knowledge, and thus can improve...

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Relationship Management

As the world becomes increasingly more competitive, firms are seeking more innovative ways to create value and improve their levels of efficiency and effectiveness.

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Supply Chain Management and Networks

This CIPS paper aims to provide an awareness and level of understanding to the reader on the subject of supply chain management and networks.

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