Supplier Relationship Management at Global Food, UK

Running head: SUPPLIER RELATIONSHIP MANAGEMENT AT GLOBAL FOOD,UK
SUPPLIER RELATIONSHIP MANAGEMENT AT GLOBAL FOOD,UK
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SUPPLIER RELATIONSHIP MANAGEMENT AT GLOBAL FOOD,UK
Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................2
Identification of the economic issues and risks in the supplier relationship:.........................2
Different aspects of supplier relationship management:........................................................4
Importance of Procurement for global organizations operating in complex market
environment:..........................................................................................................................7
Project Risk and procurement management:..........................................................................8
Use of complex models of Project Risk and Procurement Management:..............................8
Importance of risk management in the development and maintenance of sustainable
procurement:..........................................................................................................................9
Conclusion................................................................................................................................10
References................................................................................................................................11

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SUPPLIER RELATIONSHIP MANAGEMENT AT GLOBAL FOOD,UK
Introduction
Global Food, UK started functioning from 1964. Global Foods offers both cash and
carry and delivered trade operations. The organization deals with the import and export of the
food items from different part of the world. One of the major countries from where the
organization imports food items is Greece. While developing this tread, maintain the supplier
relationship management is important. It is important to implement the robust procurement
process along with the supplier relationship in this context. Maintaining the supplier
relationship along with favourable negotiation terms and condition makes the supplier
relationship management more complex (Forkmann et al.2016). On this situation it is
important to understand the risks associated with the supply chain along with the different
issues like maintain the sustainability in the process. The main objective of this paper is to
evaluate the risks raising from the sourcing the food materials from Greece for Global Food.
The managing of the procurement function through the global network is also relevant in this
context. In order to develop the discussion in a proper way, examples from the different case
studies are taken to understand the business environment (Riley et al. 2016). The conclusion
is drawn from the facts discussed in this paper. From the discussion of this paper the
importance of the procurement management in the global context can be understood in a
proper way. This has been done through the application of theories regarding the risks and the
procurement management.
Discussion
Identification of the economic issues and risks in the supplier relationship:
Global Food, UK is operating the business globally. The organization is operating the
business in international level. Global Food sources the food items from Greece. In this
situation, the economic condition of the Greece is important. Recently, the economic

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SUPPLIER RELATIONSHIP MANAGEMENT AT GLOBAL FOOD,UK
condition of Greece is not stable. In this situation there are certain threats and opportunities
for the Global Food in doing business with Greece. The Global Food can buy products from
the Greece in very reasonable price. However, making major investments in the Greece can
be risk for the Global Food, UK.
The risks in the supplier relationship management is related to the risks in procurement
management. The identified risks in this context are-
 Management of risks: Management of the risks is a concerned thing for the
procurement. In this situation the approach is regarding the two-tier supplier. In this
situation controlling approach is needed to be taken ensuring the necessary
obligations.
 Maintaining the reputation and brand image: Global Food is an emerging company
who is dealing with import and export of food items. In this situation, it is needed for
the organization to enhance the goodwill and reputation through proper practice of the
business. The proper practice will include maintaining the rules and regulations of the
business and maintaining the quality of the service.
Once the identification of the supplier risk is done, it is necessary to find out the way to
manage the supplier risks. Some of the steps those can be helpful for the mitigation of the
risks are-
 Knowing the supplier: As the supply chain becomes global, the components in the
supply chain management become complex. In this context, it can a challenge for
Global Food to ensure the compliance of rules and regulations regarding the business
of Greece. The communication can be critical as there are many cross references
between the companies of Greece and Global Food, UK. In this situation Global Food
an create the centralized supplier information. This will help to introduce the process