Question:
In SRM, there are different models of buyer and supplier interaction. In the basic relationship approach (bow-tie-model) there is only one single point of contact. The interdependent approach (diamond model), there are many points of contact, and the main business customer teams work closely with the corresponding supplier teams.
Author: liv daAnswer:
Bow-Tie Model: Suitable for transactions where simplicity and efficiency are paramount, such as for standardized products or services with low complexity. Diamond Model: More appropriate for strategic partnerships and complex supply chains where innovation, responsiveness, and continuous improvement are critical for success.
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