Strong supply management and procurement processes can provide organizations with a sustainable competitive advantage through lower costs, higher quality, and better service for both internal and external customers. Now, there’s an authoritative and comprehensive guide to best-practice supply management and procurement processes and operations for any organization. Co-authored by a leading expert alongside the Council of Supply Chain Management Professionals (CSCMP), this reference focuses on the key principles, strategies, and decisions required to implement and optimize all procurement processes and operations. Coverage includes: Basic supply management concepts, purposes, and goals; linkages between procurement and other business functions; day-to-day transactional and long-term strategic activities; direct and indirect spend; buying methods, and more. Key elements, processes, and interactions, including category analysis, supplier screening and selection, contract negotiation and management, supplier relationship management, and supplier performance evaluation. Principles/strategies for establishing efficient, effective, and sustainable operations: sourcing strategy, teams, supplier rationalization and optimization, global sourcing, outsourcing, law, codes of conduct, and sustainability. The key roles and value of technology, including software for spend analysis, competitive bidding, eProcurement, eSourcing, auctions/reverse auctions, contract compliance, performance management, and emerging innovations. Requirements and challenges of global sourcing, including insource vs. outsource decisions; TCO analysis; risk management and mitigation; negotiations, and supplier contract compliance in global environments. Best practices for assessing performance using standard metrics and frameworks, including KPIs, tradeoff analysis, scorecarding, dashboards, and exception management.
Features:
1. The complete guide to planning, implementing, measuring, and optimizing world-class supply chain management and procurement processes
Covers planning, designing, controlling, and coordinating all facets of supply management and procurement -- including the unique challenges of global environments.
2. Introduces crucial concepts including key linkages to other business functions, vendor selection and management, strategies, tactics, technologies, metrics, and more.
3. For all practitioners and students concerned with supply management and procurement or related processes co-authored by a leading expert alongside the Council of Supply Chain Management Professionals (CSCMP).
Table of Contents:
Chapter 1: The Essential Concepts of Purchasing and Supply Management
Chapter 2: Key Elements and Processes in Managing Supply Operations and How They Interact
Chapter 3: Principles and Strategies for Establishing Efficient, Effective, and Sustainable Supply Management Operations
Chapter 4: The Critical Role of Technology in Managing Supply Operations and Product Flows
Chapter 5: Define the Requirements and Challenges of Sourcing on a Global Basis
Chapter 6: Assessing the Internal and External Performance of Supply Management Operations
Chapter 7: Conclusions and Trends in Supply Management
Index
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