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The Definitive Guide to Supply Management and Procurement: Principles and Strategies for Establishing Efficient, Effective, and Sustainable Supply Management Operations

Book Description

Drive sustainable supply chain competitive advantage through more effective supplier management and procurement: reduce costs, improve quality, and deliver better service for all customers. This is the most authoritative, complete guide to planning, implementing, measuring, and optimizing supply management and procurement processes. Straight from the Council of Supply Chain Management Professionals (CSCMP), it brings together up-to-the-minute principles, strategies, and decisions for all relevant processes, strategies, and tactics. Step by step, The Definitive Guide to Supply Management and Procurement covers all this, and more: 

  • Basic supply management concepts, purposes, and goals

  • Linkages between procurement and other business functions

  • Day-to-day transactional and long-term strategic activities

  • Category analysis, supplier selection, contract negotiation, supplier relationship management, and performance evaluation

  • Principles and strategies for establishing efficient, effective, and sustainable operations, from sourcing teams to supplier rationalization

  • Technology for spend analysis, competitive bidding, eProcurement, eSourcing, auctions/reverse auctions, contract compliance, performance management, and more

  • Requirements and challenges of global sourcing, including insource vs. outsource decisions; TCO analysis; risk management; negotiations, and supplier contract compliance

  • Best practices for assessing performance using standard metrics and frameworks

  • Table of Contents

    1. About This eBook
    2. Title Page
    3. Copyright Page
    4. Dedication Page
    5. Contents
    6. About the Author
    7. 1. The Essential Concepts of Purchasing and Supply Management
      1. Learning Objectives
      2. Introduction and History of Purchasing
      3. Why Is Purchasing Important?
      4. How Can the Appropriate Relationships with Suppliers Create Value?
      5. Purchasing and Supply Management and Return on Investment (ROI)
      6. Purchasing and Information Technology (IT)
      7. The Purchasing Process
      8. Strategic and Tactical Roles of Purchasing
      9. Types of Purchases
      10. Conclusion and Chapter Wrap-Up
      11. Key Terms
      12. References
    8. 2. Key Elements and Processes in Managing Supply Operations and How They Interact
      1. Learning Objectives
      2. Introduction to Supply Management Processes and Commodity Strategy Development
      3. Category and Portfolio Analysis
      4. Kraljic’s Portfolio Analysis
      5. Supplier Analysis
      6. Supplier Evaluation and Selection
      7. Contract Negotiation and Management
      8. Supplier Relationship Management and Development
      9. Supplier Performance Measurement and Evaluation
      10. Conclusion and Chapter Wrap-Up
      11. Key Terms
      12. References
    9. 3. Principles and Strategies for Establishing Efficient, Effective, and Sustainable Supply Management Operations
      1. Learning Objectives
      2. Introduction to Supply Management Principles and Strategies
      3. Category Sourcing Strategies
      4. Conclusion and Chapter Wrap-Up
      5. Key Terms
      6. References
    10. 4. The Critical Role of Technology in Managing Supply Operations and Product Flows
      1. Learning Objectives
      2. Technology in Supply Operations
      3. E-Sourcing
      4. Capabilities of Supplier Relationship Management e-Sourcing Suites
      5. Emerging Technology Issues and Capabilities
      6. Conclusion and Chapter Wrap-Up
      7. Key Terms
      8. References
    11. 5. Define the Requirements and Challenges of Sourcing on a Global Basis
      1. Learning Objectives
      2. Introduction to Global Sourcing
      3. Global Sourcing
      4. Geographic Location Decision—Dealing Directly with Offshore Suppliers
      5. Supply Chain Risk and Disruption Management
      6. Conclusion and Chapter Wrap-Up
      7. Key Terms
      8. References
    12. 6. Assessing the Internal and External Performance of Supply Management Operations
      1. Learning Objectives
      2. Introduction to Assessment in Supply Management
      3. Role of Measurement
      4. Trade-Off Analysis
      5. Types of Measures
      6. Purchasing Functionality
      7. Measurement Systems and Frameworks
      8. Conclusion and Chapter Wrap-Up
      9. Key Terms
      10. References
    13. 7. Conclusions and Trends in Supply Management
      1. Learning Outcomes
      2. Conclusion
      3. Summary of Key Concepts That Cross Multiple Chapters and Supply Management processes
      4. Future Trends
      5. Essential Skills
      6. References
    14. Index