Running head: INTERACTIONS IN SUPPLY CHAINInteractions in Supply ChainName of studentName of InstructorName of courseName of institutionDate1INTERACTIONS IN SUPPLY CHAIN2Interactions in Supply ChainFirms adopt different sourcing strategies to streamline their supplier base. In many cases, existingfirms have preferred sourcing from single or few suppliers to avoid complications associated withmany suppliers in a supply chain. When a firm decides to have few sellers, the traditionaladversarial connection with the sellers change since the main aim of the firm is always to buildlong term relationships with these few suppliers. When these suppliers understand their positionas long-term suppliers in the firm, they are more likely to understand the main objectives of thefirm and what the end customers need hence focusing on supplying what is best for the firm.Therefore, ...
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