Book Description

Read the Reviews: “Supply Management and Procurement contains a wealth of practical knowledge and is a great resource to all who seek to excel in their study of supply chain best practices.” —Les Long, C.P.M., A.P.P., President, Caterpillar Dealers of North America Purchasing Group “Supply Management and Procurement is a book that imparts tremendous insight and tools for procurement professionals seeking best-in-class advantages for their companies in a simple, understandable, and practical approach.” —Tom Middleton, C.P.M., A.P.P, President, Airport Purchasing Group About the Item: Driven by a down economy and difficult economic realities, many organizations are discovering that what worked well in the past may not be what is needed now to move forward or even survive. This comprehensive and analytical resource draws comparisons between practicing basic procurement and the more advanced modern principles of strategic supply management, and clearly demonstrates how merely practicing the basic procurement principles and methods of the past in our new economy can lead to disastrous consequences. This valuable guide shows readers how to attain best-in-class supply management performance to help insure survival and achieve competitive advantage. For the individuals in the trenches actually doing the work, it shows why strategic supply management and procurement practices are important to their jobs, why and how to use them, and what benefits can be derived from using them. Supply Management and Procurement: From the Basics to Best-in-Class contains proven tools and techniques and a wealth of information that procurement and supply management professionals at any level can use to improve both their organization's performance and their individual performance in real-world situations they face on a daily basis. This unique text is ideal for individual learning, corporate training, and academic course instruction. Key Features: Provides an extended source of knowledge, tools, and techniques to better understand the philosophy of strategic supply management and procurement, and discusses how to facilitate, implement, and manage change from a basic procurement philosophy to a strategic supply management philosophy Emphasizes the value and benefit of integrating new concepts and philosophies into current operations for cost reduction and process improvement, and increases in efficiencies that equate to higher profit margins and greater competitive advantage Examines the various analysis, tools, and techniques used by best-in class strategic supply management organizations and elaborates on each one to demonstrate how to use these tools and techniques in real-world situations so that readers can master them in practice Includes interactive case studies that present situational facts, background information, and research results, and then asks readers to make decisions based on all the facts WAV offers a downloadable Incoterm responsibility chart, a sourcing methodology model, a best-in-class sourcing checklist, and a comprehensive listing of supply and procurement terms and definitions — available from the Web Added Value™ Download Resource Center at www.jrosspub.com