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The Use of Partnership in Purchasing

Author

Listed:
  • Elena Sima

    (Romanian-German University of Sibiu, Romania)

  • George Bălan

    (Romanian-German University of Sibiu, Romania)

Abstract

The partnership is now increasingly used in all areas thanks to the synergy it implies and of the benefits demonstrated. And in today's economy benefits of the partnership are widely recognized. Partnership in purchase makes no exception. This paper presents the benefits of a partnership-based purchases compared to those of traditional purchasing. Less well known is that a partnership built and/or implemented incorrectly and may result in additional costs and thus lead to disadvantages for both companies. For this reason, the paper aims to present what a partnership is, to show which steps should be taken to build a successful partnership and to exemplify through companies which have implemented correctly this type of collaboration, obtaining exceptional results.

Suggested Citation

  • Elena Sima & George Bălan, 2014. "The Use of Partnership in Purchasing," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 14(2), pages 245-252.
    • Handle: RePEc:pet:annals:v:14:y:2014:i:2:p:245-252
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    More about this item

    Keywords

    partnership; individual performance; total cost; common objectives;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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