Strategic procurement depends on strong “Supplier Relationship Management” (SRM) where procurement professionals are concerned
about developing robust supplier relationships and negotiating favourable terms and conditions. In the future, it is expected that supply
chain structures will become more complex and choosing the right supplier will be more critical. Increasingly stringent supplier
requirements will become routine, and demanding purchasers will expect suppliers to demonstrate their essential competencies. Supply
chain risk, scarcity of raw materials, environmental, sustainable and economic issues will lead to increased pressure on these buyersupplier
relationships.

 

consider a UK business that sources food materials extensively from Greece and discuss how it can manage the dangers of
economic and other risks arising from this relationship You are asked to critically discuss how the procurement function can manage a
network – often global – of vendors and suppliers that can quickly become inoperative due to rapid shifts in the business environment.
You are expected to provide appropriate case study examples to illustrate your answer.

 

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