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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 915 |
Essay's paper body
The use of strategic partnerships builds a relationship between the suppliers and buyers that can help both parties reduce their cost, which also builds trust between them both. Information sharing is used by supply chain partners for manufacturers to be able to utilize retailers’ current sales information to better forecast demand and diminish lead times...
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Information sharing is used by supply chain partners for manufacturers to be able to utilize retailers’ current sales information to better forecast demand and diminish lead times. It also helps manufacturers to manage the unpredictability in supply chains, and from doing this it reduces inventory and evens out production...
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