“Supply chain partnerships run into problems because the criteria for success are focused on time, cost and quality, while your perspective is likely to focus on revenue and revenue. A supply chain partnership only works if each party involved can meet the expectations of end customers in terms of quality and price while remaining profitable. Many modern companies are fully relocating their accounting to strategic partners. Strategic financial partnerships are useful because, for example, if you use a dedicated accounting company, they can monitor your revenue more strongly than internally. Because finance is essential for every business, strategic financial partnerships are one of the most important relationships you can maintain. Now let`s look at each of the five types of strategic partnership agreements. The relationship may be short-term or long-term and the agreement may be formal or informal. PandaTip: Strategic alliances require that both parties be able to communicate and make decisions quickly. In this section of the proposal, both parties must designate a person who will be able to act on their behalf in matters related to the strategic alliance. In principle, any technological know-how necessary for your business that you cannot make available internally can be reallocated to a strategic technology partnership. The choice of a technology partner should be based on an assessment of your needs and an assessment of the benefits of concluding the agreement.
Another fantastic example of strategic partnership for integration is the agreement between Nike and Apple. Beginning in the early 2000s, Nike and Apple began tying their respective products and technologies to create what would later become Nike. When purchasing fitness shoes and specific clothing, customers can pair their products with their iPhone apple or watch to track their health and achieve other health goals. At no time in this agreement can any of the parties involved award, delegate or cede part of this strategic alliance agreement to unauthorized third parties. Communications If one of the parties requests a notification, it can be served in person or sent by letter of declaration to the receiving party. The partnership involves sharing free resources from each partner for the entire alliance. A popular (and extremely valuable) alliance is the strategic partnership of the supply chain. One of the most obvious places to see strategic in-action procurement partnerships is the film industry. If you`ve ever noticed that most films list different companies strangely named before the start of the film, it`s because movies are usually made using a supply-chain method. A relatively small production house will provide rotation and post-production, and a larger studio will finance, market and distribute the film. Think of J.J.
Abrams` Bad Robot and Paramount Pictures, who maintain such a partnership agreement. As part of a strategic partnership, two companies are interweeding their efforts in a particular area, such as marketing, supply chain, integration, technology, finance or a combination of these. At the conclusion of this agreement, all previous agreements between the parties, either in writing or oral, are considered invalid. Is your company in a strategic partnership? Tell us how it works for you in the comments below.
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