The value chain management mainly is the procedure of arranging the related group of actions that make value by generating goods and services from basic raw materials for selling to the customer. The purpose of value chain management is to establish an integrated communication between different groups within the organizations and improve the cooperation between the production chain members to cut off the delivery time, reduce inventories and enhance customer satisfaction. It brings competitive advantages to the organization (Cavinato, Flynn and Kauffman, 2006). In this matter, the buyers and suppliers’ relationship is one of the most important aspects. It is witnessed that power plays a major role in the relationship between buyers and suppliers, the power balance, as well as power relation between the buyers and suppliers, have great influence on the nature of the relationship and the strategies applied for supply. Hence, it is important to analyze supplier relationship management is influenced by power. It is observed that often the power of buyers of a company is greater and alternatively often the power of the buyer is lesser comparatively. The same thing may be observed with the suppliers of the company. In the relationship of buyers and suppliers, the dominant party used to reap economic rewards or financial benefit by exercising its bargaining power. The dominant power supports the respective party either of the buyers and suppliers to make the deal among them more profitable for them. Hence, the entire organization is trying to devise effective strategies that support them in acquiring the required dominating power that helps in gaining sustainable competitive advantages to the organization (Chopra and Meindl, 2016).