Supply management

Question 1 200-250 words

Partnerships may bring added value to strategic supply relationships, and have been described using seven factors. Identify those factors and describe each while providing an explanation of how each provides value within the cooperative relationship. Document your sources.

Question 2 209-250 words 

Supply base rationalism seeks to reduce the suppliers in which an organization deals directly to a smaller number of strategic suppliers. How does this process work? What are the benefits to each of the players in this relationship? Document your sources.