Procurement Principles & Management

Now in its eleventh edition, Procurement Principles andanagement has been essential reading for practitioners andtudents of purchasing and procurement for nearly 50 years. Thisew edition will provide the reader with a reflection of mainstreamractice alongside insight into developing ideas and approaches.his book has been updated to cover the continuous change andevelopment in the field of purchasing and carefully balancesmerging philosophies with proven and established thinking andractice in the profession.eatures Specifically readers will note the following new elements: new, thorough consideration of contract lawmprovements in negotiationdditional material exploring offshoring/on shoring more thorough treatment of performance measurementhe inclusion of a section on riskonsiderable expansion of MRP, Lean and Agile theoriesore detailed coverage of ABC analysis, TCO, Kraljic, supplierreferencing, Bensaou, CSR-Triple Bottom Line conceptdditional examples of services/tangibles procurementulture has been given much more focusupplier appraisal and supplier relationship management (SRM) haveeen expanded considerably.able of Contents Part 1 Procurement Objectives and Development Procurement scope and development Strategic procurement and supply chain management Public sector procurementart 2 Key Procurement Issues Outsourcing Quality management I inventory management L ead time and time compression S sourcing strategies and relationships Price and total cost of ownership (TCO)0 Negotiationsart 3 Applications1 Project procurement2 Procurement of commodities3 I international and global sourcing4 Capital procurement5 Retail procurement and efficient consumer response (ECR)6 Services procurement7 Corporate social responsibilityart 4 E-Procurement Systems and Contract Man