By: Karunesh Pushkarna --
27 March, 2015
ABSTRACT : An effective procurement decision making needs a clear understanding of supply chain and then devising the strategies for not only minimizing the cost but to understand rationales behind price movements in future. As some of the chemicals require a lot of technical know-how, high capital investments, their market becomes oligopolistic. Oligopolistic markets generally tend to get tricky as suppliers have really high power to control the market and specially when the Through this white paper, Beroe attempts to provide some possible solutions which buyers can adopt to resist the supplier power to certain extent and exert some control on prices from sourcing standpoint.