Unformatted text preview: lowest price and short term contracts. The collaborative model is when both suppliers and buyers work together and trust one another with information. They have long term contracts and work toward price reduction on both sides. 12. Whether they have the parts for the new product in advance and if they should prepare for it for the future. If they are a major supplier for the products components and especially if they are also in a good relationship with the buyers, then they should be informed about the project....
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- Fall '08
- Management, David Lum SCM, 406W