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Buying your suppliers is a way of guaranteeing price stability and improving the co-ordination of your...

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Finance

Buying your suppliers is a way of guaranteeing price stabilityand improving the co-ordination of your value chain. But does itmake sense? Consider the ways in which purchasing a supplierrepresents a form of market failure, and consider theinefficiencies that might arise as a result. . The recommended wordcount is 300 - 400 words.

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The organizations create value chain through its network production where all its production related activities get interconnected in a sequence in production system Key features of the processes are sourcing and procurement of raw material and supplies production scheduling and planning product of final product order processing of the finished goods inventory control in its production process    See Answer
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