Drop shippers: Suppliers of products for different kinds of companiesĭetermining Factors: Bargaining Power of Suppliers.Importers and Exporters: Purchase products from manufacturers in one country and export to a distributor in a different country.Independent Suppliers / Independent Craftspeople: Sell unique products directly to retailers or agents.Distributors and Wholesalers: Purchase goods in medium/high quantity for sale to retailers or local distributors.Manufacturers and Vendors: Sell products to distributors, wholesalers, and retailers.Types of Suppliersĭepending on the industry, there are various types of suppliers. Learn more in CFI’s Corporate & Business Strategy Course. The other forces include competitive rivalry, bargaining power of buyers, the threat of substitutes, and the threat of new entrants. The bargaining power of suppliers is one of the forces that shape the competitive landscape of an industry and help determine the attractiveness of an industry. The buyers are the companies and the suppliers are those who supply the companies. The bargaining power of the supplier in an industry affects the competitive environment and profit potential of the buyers. This framework is a standard part of business strategy. The Bargaining Power of Suppliers, one of the forces in Porter’s Five Forces Industry Analysis Framework, is the mirror image of the bargaining power of buyers and refers to the pressure that suppliers can put on companies by raising their prices, lowering their quality, or reducing the availability of their products. Updated OctoWhat is Bargaining Power of Suppliers?
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