Why has management of supplier network become a contemporary and critical issue? Explain with reference to the present industrial situations.

The management of the supplier network has become a contemporary and critical issue in materials management due to the increasing complexity, globalization, and dynamism of modern industrial environments. In today's interconnected global economy, companies rely on a vast network of suppliers that often span across multiple countries and continents. The effectiveness with which a company manages its supplier relationships directly impacts its operational efficiency, cost control, quality assurance, and customer satisfaction. Consequently, supplier network management has evolved from a back-end, transactional function to a strategic __________ ___ _______ _________ __________.
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