4 Reasons to consider the Power of Supplier

4 Reasons to consider the Power of Supplier

4 Reasons to consider the Power of Supplier  Bargaining power of Suppliers is one of the powerful factors in controlling and affecting your business. The management of suppliers needs a high focus and clear strategy. In this article I am explaining the 4 reasons to consider the Power of Supplier. What are the factors affecting Bargaining Power of Suppliers in Porter’s Five Forces Model? 1. Concentration of Suppliers: Concentration of suppliers means that you have restricted no. of suppliers (may be one supplier), so they become a powerful in their position and they can raise up the price of their Read More