The Impact of Procurement Practices on Supplier Relationships in Small Retail Businesses

Abstract

This study investigates the impact of procurement practices on supplier relationship management within small retail businesses in the United Kingdom. A thematic analysis of relevant literature provides a comprehensive overview of various themes in the study, including supplier relationship management, contemporary procurement practices, attributes and challenges associated with current procurement practices, and how procurement practices affect supplier loyalty and satisfaction. According to the findings, sustainable procurement practices in small retail businesses can enhance their reputations, attract environmentally conscious customers, and support sustainable development. Small retailers must, however, deal with challenges such as increased costs and limited suppliers who are environmentally friendly. The recommendations include improving supplier collaboration, implementing flexible and responsive supply chain processes, and prioritizing cost negotiations, transparency, integrity, and accountability. A future study should focus on gathering primary data from surveys or interviews, exploring the influence of government policies, cultural differences, and technology on procurement practices, and examining the long-term effects of sustainable procurement practices on small retail businesses.