Supplier relationships are becoming more and more prevalent as a result of the market's supply and demand uncertainty. In order to successfully satisfy client demand whenever it emerges, businesses seek to assure the supply of resources. . In order to achieve this, companies have to establish a contractual agreement with their preferred suppliers. The business may utilize a variety of supplier contracts, and each one has benefits and drawbacks.Referring below 6 type of contract explain in detail each type with an example:

1. Fixed price
2. Cost Plus Fixed Fee (CPFF)
3. Fixed price incentive
4. Buyback
5. Quantity flexibility
6. Revenue sharing