Strategic Raw Material Buyer Power .
1. Meaning of Strategic Raw Material Buyer Power
Strategic raw material buyer power refers to the economic power held by a purchaser, or a small group of purchasers, over suppliers of an important input or raw material.
The issue commonly arises where a business purchases a substantial proportion of materials such as:
- minerals and ores;
- timber;
- agricultural commodities;
- metals and scrap;
- chemicals and industrial inputs;
- components essential for manufacturing; or
- other scarce or strategically important inputs.
Buyer power is essentially the demand-side counterpart of s
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