Developed country partners in countertrade contracts have had problems with quality and timely delivery of goods from the developing country partners. How are they trying to deal with those problems?
Tammy or BOBBY (whatever you choose to call yourself) -- we'll be glad to critique YOUR answer.
Developed country partners in countertrade contracts have had problems with quality and timely delivery of goods from the developing country partners. How are they trying to deal with those problems?
1999,
12 of the 15 European Union (EU) member-countries agreed to begin a transition from their
national currencies to the new common currency, the euro, in what is called the euro zone.
The three countries that remained outside the euro zone as they decided whether, when, and
how to join continued to attempt currency value coordination between their currencies and
the euro.
Your information is correct -- but it does NOT answer the question.
Your question asks about problems with quality and timely delivery of goods from developing countries. The latest and most publicized example of that is some of the potentially dangerous toys recently imported from China. The American companies have recalled many of them. Just this evening I read that Mattel (makers of Fisher-Price toys) was instituting a policy to carefully inspect all toys it imports from China. Check these sites for more details.
http://www.google.com/search?hl=en&ie=ISO-8859-1&q=Mattel
thank you
You're welcome.
To deal with the problems of quality and timely delivery of goods from developing country partners in countertrade contracts, developed country partners have implemented several strategies. Here are some common approaches:
1. Supplier Evaluation: Developed country partners conduct thorough evaluations of their potential developing country partners to ensure their capabilities and track record in terms of meeting quality standards and delivering goods on time. This evaluation process involves scrutinizing the supplier's financial stability, production capabilities, quality control measures, and past performance.
2. Quality Assurance Programs: Developed country partners often establish quality assurance programs that outline the specific quality standards, specifications, and requirements that the developing country partners must adhere to. Regular audits and inspections are carried out to ensure compliance with these standards. This includes verifying the quality of raw materials, production processes, and final products.
3. Training and Capacity Building: Developed country partners might provide training and capacity-building support to their developing country partners. This assistance helps the suppliers improve their manufacturing processes, enhance quality control measures, and develop better supply chain management practices.
4. Collaboration and Communication: Building strong communication channels and fostering collaborative relationships between the developed and developing country partners are crucial. This enables effective coordination, understanding, and addressing any potential issues or delays. Regular communication ensures that both parties are aligned and have a shared understanding of expectations, timelines, and quality requirements.
5. Performance-Based Contracts: Some developed country partners incorporate performance-based incentives in their contracts. Suppliers that consistently meet quality and delivery targets are rewarded, while penalties are imposed for failures to encourage improved compliance.
6. Technology Adoption: Developed country partners may leverage technology solutions, such as real-time tracking systems, supply chain management software, and digital communication platforms. These tools provide better visibility and transparency throughout the supply chain, aiding in tracking and addressing any quality or delivery issues promptly.
Overall, the aim is to establish mutually beneficial relationships, build trust, and ensure that the developing country partners understand and meet the expectations set by the developed country partners regarding quality and timely delivery.