The Impact of Buyer-Supplier Relationships on Organisational Performance
- Author
- Rutsinga, Kudzaishe
- Title
- The Impact of Buyer-Supplier Relationships on Organisational Performance
- Abstract
-
Suppliersareanimportantpartofthesupplychainandmayhaveabiginfluenceon
companysuccess.Oneofthekeydutiesofthebuyingdepartmentistoestablish
partnershipsbetweenbuyersand suppliers,especiallyinthisdigitalage.Ifa
companywantstocontrolcostsandmaintainahealthysupplychain,goodsupplier
relationshipsareessential.Intoday'sworld,businessesbattleformarketshareand
positionwithotherbusinessesintheirfields.Becausetherelationshipbetween
buyersandsuppliersisperceivedasawin-losescenario insuchcompetitive
situations,buyersfrequentlytreatsuppliersasadversaries.Manysuppliersare
thrownoutofbusinessbecausetheycouldn'tmakeendsmeetundertheterms
establishedbythefirmswhowerebuyingtheirgoodsandservices.Extending
paymenttermsbythepurchasing organization,forexample,would providea
corporationmorecashonhandatthepriceofhavingitssupplierswaittogetpaid. - Date
- 2023
- Publisher
- BUSE
- Keywords
- Buyer-Supplier Relationships
- Organisational Performance
- Supervisor
- N/A
- Item sets
- Department of Economics
Part of The Impact of Buyer-Supplier Relationships on Organisational Performance