How can Supplier Management impact your business?

Suppliers may have a minimal impact on our business. However, there are situations where the impact is quite significant and can affect the way we do business. Answering the question "How can managing suppliers affect our business?" leads us to reconsider our business situation. It is essential to assess how strong a supplier is and whether they have a dominant position in the market. The strength of a supplier can have an impact both on the price to the buyer on the one hand and on our profit on the other hand.

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