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Purchasing and Supply Chain Management

Providing a solid managerial perspective, PURCHASING AND SUPPLY CHAIN MANAGEMENT, 6e draws from the authors' firsthand experiences and relationships with executives and practitioners worldwide to present the most current and complete coverage of today's supply management process. The text includes critical developments from the field, such as cases from emerging healthcare and service industries, procure-to-pay redesign, supply risk, innovation, sustainability, collaboration, and much more. Students examine key changes in supply management and the impact of the global economy and ongoing business uncertainty on continuous cost and value management across the supply chain. Numerous real-world cases and captivating examples help students gain contextual insights and knowledge into the strategies, processes, and practices of supply management--giving these future managers a thorough understanding of the impact that purchasing and supply chain management have on the competitive success and profitability of today's organizations. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

The text includes critical developments from the field, such as cases from emerging healthcare and service industries, procure-to-pay redesign, supply risk, innovation, sustainability, collaboration, and much more.

Purchasing and Supply Chain Management

A Sustainability Perspective

For too long, business has focused on short-term cost advantages through low-cost country sourcing with little regard for the longer-term implications of global sustainability. Purchasing and Supply Chain Management, Second Edition, not only fully addresses the environmental, social and economic challenges of how companies manage purchasing and supply chains, but also delves deeper into emerging areas such as modern slavery, digital technologies and circular supply chains. In addition to explaining the basic principles and processes of both purchasing and supply chain management, the book evaluates how to develop strategic and sustainable purchasing and supply chain management. Our key message is that purchasing and supply chain management needs to focus on value creation rather than cost cutting. This requires the development of new purchasing and supply chain models that involve circular supply structures, supply chain transparency and collaboration with new stakeholders in traditional sourcing and supply chain settings. Aimed at students, educators and practitioners the book integrates sustainability into each chapter as a core element of purchasing and supply chain management. This second edition incorporates new examples and case studies from industry throughout, striking a balance between theoretical frameworks and guidelines for implementation in practice.

This second edition incorporates new examples and case studies from industry, striking a balance between theoretical frameworks and guidelines for implementation.

Strategic Purchasing and Supply Chain Management

Environmental change and strategic requirements; Changes in environmental conditions and their impact on business; Approaches to strategic management; From corporate strategy to purchasing and supply chain management strategy; The content of supply chain management strategies; The implications of purchasing and supply chain management strategies; Strategic management of quality; Strategic management of material flow; Strategic management of cost and added value; Strategic management of supplier relationships; Strategic management of human resources in the supply chain; Conclusions; Case studies; Index.

Environmental change and strategic requirements; Changes in environmental conditions and their impact on business; Approaches to strategic management; From corporate strategy to purchasing and supply chain management strategy; The content ...