Supply Chain Management Professional (SCMP) · Question
What is the primary benefit of establishing long-term strategic alliances with key suppliers?
Strategic alliances emphasize mutual benefits, trust, and shared goals, leading to innovation and stronger supply chain resilience.
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Question: What is the primary benefit of establishing long-term strategic alliances with key suppliers?
Answer options:
- To achieve immediate, lowest possible unit price ✅ To foster innovation, collaboration, and shared risk/reward
- To simplify the process of switching suppliers frequently
- To increase transactional overhead costs
Correct answer: To foster innovation, collaboration, and shared risk/reward
Explanation: Strategic alliances emphasize mutual benefits, trust, and shared goals, leading to innovation and stronger supply chain resilience.
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200 questions · no signup required · 40 free questions per day
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