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supplier concentration
Supplier Concentration: The Silent Risk Lurking in Your Procurement Strategy
In procurement, supplier concentration is often viewed as a strategic advantage.  Working with fewer suppliers can simplify operations. Relationships deepen, negotiations become more efficient, fewer supplier orders and payments are required, and logistics become easier to manage. Many organizations intentionally consolidate suppliers to secure better pricing and streamline sourcing.  But beneath these advantages lies a risk that many businesses underestimate. ...