procurement management

Order Description

Assignment Brief

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

buyer-supplier relationships.

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.

This coursework should follow a structured approach and should be prepared and presented as a professional business report. You should undertake a relevant literature

review that helps inform your investigation. Please also ensure that the Harvard Referencing System is adhered to and fully complied with.Marking Scheme

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