We appreciate your visit to Benton W C Purchasing and Supply Chain Management where does it state Is it better to have a small or large number of suppliers Why. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Whether to have a small or large number of suppliers depends on the company's strategic objectives, the nature of market competition, and government policies.
The question of whether it is better to have a small or large number of suppliers in purchasing and supply chain management does not have a straightforward answer. The choice between having few strategic partners or a larger pool of alternative suppliers involves trade-offs.
According to the literature, the balance sought should align with the company's strategic objectives and market dynamics. Larger corporate players in a market may have different supplier requirements compared to smaller companies. Government policy can also influence this balance, affecting how markets and supply chains are structured.
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