Discuss the development of the buyer / supplier relationship in an increasingly competitive and sophisticated commercial environment. Consider current and future business trends (Globalisation)...

Discuss the development of the buyer / supplier relationship in an increasingly competitive and sophisticated commercial environment. Consider current and future business trends (Globalisation) illustrating your discussion with relevant cases or examples. In your paper include a critical review of contracting / Tendering framework and key aspects of the negotiating process in the oil and gas industry. Demonstrate the following learning outcomes Understand procurement and acquisition management process Demonstrate a practical and theoretical knowledge of materials and resources management and strategy. Be aware of contractual and broader legal issues with regard to the customer supplier relationship An understanding of the principles and application of contract negotiations. Referencing should be using Academic papers. in the APA 6th edition format