Discuss the reasons why top-management commitment is essential to the success of supplier management and development

The top management commitment is essential in supplier management and improvement because the superiors make important decisions in an organization of the company having in-depth knowledge about the objectives, policies, and plans of the firm. They have a clear understanding of the firm requirement and also analyze the future performance of the firm based on which the supplier management decision is made. Also, these superiors have a vast knowledge of maintaining relationships with different natures of suppliers.