“The Art of the Possible: Relationship Management in Power Regimes and Supply Chains”

“The Art of the Possible: Relationship Management in Power Regimes and Supply Chains” by Andrew Coxfalse published inSupply Chain Management 9(5) (2004): 346-356, the author comments,There is no single way of managing business relationships for a buyer that is always appropriate in all circumstances. Sourcing competence must, therefore, rest on buyers understanding not only what is “ideal” but also what is possible given the circumstances they are in.Discuss briefly what the author suggests as the appropriate ways to manage relationship between buyers and suppliers in reference to the power circumstances that exist between them in supply chain networks. (Maximum two pages long in double space)