An organization is continually changing to maintain customer and market relevant. The changes adopting new technologies, expanding to new markets, and adjusting the service portfolio. Which is the BEST approach to ensure that suppliers and partners support these changes?
- Technology replacement modernization
- Uninterrupted delivery
- Sourcing strategy
- Organizational resilience
Answer(s): C
Explanation:
The best approach to ensure that suppliers and partners support these changes is to have a sourcing strategy in place. A sourcing strategy is a plan that outlines how an organization will obtain the goods and services it needs from suppliers. The sourcing strategy should include the following elements:
•A list of the goods and services that the organization needs to obtain from suppliers
•A list of potential suppliers for each good or service
•A process for evaluating and selecting suppliers
•A process for managing relationships with suppliers
•A process for monitoring and evaluating supplier performance
•The sourcing strategy should be aligned with the organization's overall business strategy. It should also be flexible enough to accommodate changes in the organization's needs and in the market.
In addition to having a sourcing strategy in place, the organization should also build relationships with its suppliers. These relationships should be based on trust and mutual respect. The organization should also be willing to share information with its suppliers and to collaborate with them on projects.
Finally, the organization should monitor the performance of its suppliers. This includes tracking the quality of the goods and services that they provide, as well as their on-time delivery performance. The organization should also be willing to provide feedback to its suppliers and to work with them to improve their performance.
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