A joint research and development (R&D) team is most beneficial for developing supplier technologies and processes important to the buying organization. By forming a joint R&D team, both the buying organization and the supplier can collaborate closely to innovate and improve technologies and processes that are directly aligned with the organization's strategic goals. This collaboration fosters knowledge sharing, leverages combined expertise, and enhances mutual commitment to achieving advanced technological solutions and process improvements that benefit both parties. References:
* Monczka, R., Handfield, R., Giunipero, L., & Patterson, J. (2020). Purchasing and Supply Chain Management. Cengage Learning.
* ISM (Institute for Supply Management) resources on supplier collaboration and joint development.