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Strategic Importance of Supplier Management in Global Supply Chains

This paper discusses the critical role of supplier management in optimizing global supply chains. It highlights how effective supplier selection and negotiations can significantly reduce costs and enhance profitability. With a focus on strategic purchasing, the analysis outlines current market factors that influence supplier relationships and emphasizes the importance of integrating suppliers into supply chain management strategies. Drawing on case studies and industry insights, this research underscores the necessity for companies to adapt to changing market dynamics for operational success.

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Strategic Importance of Supplier Management in Global Supply Chains

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