Scenario: Supply Chain Management is all about managing relationship between the different parties involved in the supply chain, whether it is the relationship between yourself and the supplier of product or the supplier handling your logistical requirements. With reference to one of your suppliers with which you have a contract in place answer the below. Report back 195 20 30 30 1. How does their service impact on your service to your customer? 2. Explain what process/steps were taken when choosing this supplier? 3. Discuss the importance of this selection for the supplier themselves, your company and the supply chain on a whole 4. Assuming your supplier wants to increase their costs to you; explain the negotiation process you will go through specific to your supplier, i.e. what terms will you be prepared to negotiate on? 15