How can you manage power struggles among suppliers vying for dominance in the supply chain?
Managing power struggles among suppliers can be a complex challenge. Suppliers may vie for dominance within a supply chain, seeking to assert their influence or control over production processes, pricing, or product availability. These power dynamics can disrupt the balance of a well-functioning supply chain, leading to inefficiencies, increased costs, or even breakdowns in the supplier-buyer relationship. As someone responsible for supplier sourcing, it is crucial to navigate these waters carefully to maintain a healthy supply chain ecosystem. Understanding the motivations behind these power plays and implementing strategies to mitigate their impact is essential for long-term success.
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Philippe BussonAchat, Développement, Offre & Vente
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Md Masudur RahmanSenior Merchandiser (Meghna Executive Holdings-Chorka Textile ltd-Esquire Knit Composite Ltd-GMS Composite Knitting ind…
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Shujaat Ali KhanDeputy Manager Material Planning & Procurement @ Hudson Pharma and Innovita Nutrition | Pharma & Nutrition Procurement…