The pandemic-related disruptions of supply chains around the world have painfully brought to light flawed supplier relationships. They have made it abundantly clear that trust between companies and their suppliers is integral to building a resilient supply chain.
3 Ways to Build Trust with Your Suppliers
Turn a low-trust relationship into a high-performing partnership.
November 04, 2022
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Summary.
Trust is crucial to build and sustain strong supplier relationships. But one challenge has been measuring the level of trust. The authors developed a tool to help companies quantify it. They used it to study 15 relationships, which provided valuable insights into how to turn a low-trust relationship into a high-performing partnership.