Discuss the development of the buyer/supplier relationship

Discuss the development of the buyer/supplier relationship in an increasingly competitive and sophisticated commercial environment. Consider current and future business trends 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 organisation(s) and/or industry sector(s) with which you are familiar.
To achieve a pass grade your paper should demonstrate the learning outcomes:
€¢ Understand procurement and acquisition management processes.

€¢ Demonstrate a practical and theoretical knowledge of materials and resources management and strategy.

€¢ Be able to consider both qualitative and quantitative data in order to devise procurement solutions.

€¢ Be aware of contractual and broader legal issues with regard to the customer/supplier relationship.

€¢ Develop an understanding of the principles of contractual negotiation

Please, Ensure to critic each point made, its an academic piece of work and a discussion, so points made should be criticised.