Trust, openness, and communication key to successful buyer-supplier relationships in China
The article discusses how buyer-supplier relationships are changing from competitive to collaborative in China. The researchers studied electronic appliance manufacturers to understand what factors lead to successful partnerships with suppliers. They found that trust, openness, and communication are key to good relationships, and these factors are important for both Chinese and Western firms. Additionally, creating industrial clusters is crucial for strong buyer-supplier relationships in China. To make these relationships work, companies need to establish platforms, management systems, and support programs.