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Wisner, J. D., Tan, K.-C., & Leong, G. K. (2019). Principles of supply chain management: A balanced approach (5th ed.).
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Write My Essay For MePrior to beginning work on this discussion forum, read Chapter 3: Creating and Managing Supplier Relationships in the textbook, read the Raytheon article, How They Did It: Supplier Relationship Management at Raytheon (Links to an external site.), and watch the video, Role of Procurement in Supply Chain Management With Avetta | Overview (Links to an external site.).
Read the Raytheon case study and consider the following questions for this discussion forum:
What is the value to the company and the supplier in developing and implementing a supplier relationship management (SRM) system?
Describe the value of it to the organization. How can such a system provide greater efficiency regarding customer satisfaction, quality, time, cost, and assets?
What did Raytheon do that was so successful?
Find another company to use as a model for this discussion and share your findings about their supplier relationship management and why it works for them. What did they do that is unique? Why did their strategy work?
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