Do you believe the total number of suppliers within a typica

Do you believe the total number of suppliers within a typical firm\'s supply bases will increase or decrease? Why?

(please i need detail answer to this question.)

Solution

I believe that the total number of suppliers within a typical firm\'s supply base will increase. This is because the current scenario is such that the world has become one large market due to rapid globalization. Sales and volumes for companies are taking place in new and emerging markets. This is transforming the supply as well as purchase strategies for many companies. Companies are expected to be present accross the globe and provide their products and services with agility to customers.

This changing scenario will lead to the increase in the total number of suppliers in a typical firm\'s supply base. New products are being developed to cater to the needs and requirements of consumers of the new market that a company is entering. This calls for the need to expand the supply chain logistics, and hence the number of suppliers will increase.