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Strategic partnering is a method of developing a relationshipbetween two members of a distribution channel based on the growth ofunderstanding, trust and shared information. It does not rely onpersonal relationships between individuals but is initiated at thehighest management levels and becomes a part of the corporate structuresconcerned. The resulting development of integrated marketing plans,joint strategies and tactics allows the partner organisations to developand maintain strategic fit between their capabilities and goals andtheir changing market opportunities. Electronic data interchangetechnology confers direct benefits through lower transaction costs,faster response times and more costeffective service to customers.
International Journal of Physical Distribution & Logistics Management – Emerald Publishing
Published: Aug 1, 1991
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