The Fifth Edition of Purchasing and Supply Chain Management

Preface

The Fifth Edition of Purchasing and Supply Chain Management reflects the

ever-changing face of supply management and the increased impact of the recent

economic recession and ongoing business uncertainty on the need for continuous

cost and value management across the supply chain. This edition covers critical

developments in the field based on our experience and industry research, including

such topics as strategic cost management, procure-to-pay redesign, supply risk,

category management, supplier relationship management, innovation, sustainability ,

and collaboration. The book emphasizes the role that procurement is taking on

through increasing stakeholder engagement and delivering not only cost savings, but

also value and preservation of shareholder value. This new edition includes a

number of new topics, including cases in health care and services that provide

insights into the role of supply management in these emerging industries.

In addition, some of the subjects that are newly introduced or expanded upon in

this edition include:

Cross-functional teaming

Purchasing and supply performance measurement

Supplier integration into new product development

Electronic procurement sy stems and e-sourcing suites

Social networking software

Supplier development

Strategic cost management and total cost of ownership

B2B electronic commerce and e-reverse auctions

Enterprise resource planning

Third-party logistics

Price analy sis tools and techniques

Negotiation simulations

Contracting and Internet law

Creating the lead supply chain

Supply chain risk management

Supplier quality manuals

Managing sustainability in the supply chain

Electronic-based negotiations

Current issues in sourcing transportation and other indirect spend

Innovation and sourcing

Emerging strategies and practices

Expanded and comprehensive cases, sourcing snapshots and good

practice examples

We are proud of this new edition and believe that it reflects many...