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The best-selling textbook presents a practical framework for students to apply how firms actually manage the enterprise-wide functions of purchasing and supply in today's business environment. New chapters have been added to the beginning and end of the text, to frame the new discussion of supply chain issues. The book has also been thoroughly updated to reflect the realities of purchasing and supply management in the digital age.
PART 1 - The Foundation1. The Progression to Professional Supply Management2. Organizational Issues3. Supply Management: An Organization Spanning Activity4. A Portfolio of RelationshipsPART 2 - The Requirements Process5. New Product Development6. Purchasing Descriptions and Specifications7. Managing for Quality8. The Procurement of Equipment9. Purchasing ServicesPART 3 - Sourcing: Sourcing Perception and Corporate Outsourcing10. Outsourcing11. Sourcing12. Global Supply ManagementPART 4 - Cost Management13. Total Cost of Ownership14. Price and Cost Analysis15. Methods of Compensation16. NegotiationPART 5 - Managing Contracts and Relationships17. Contract Formation and Legal Issues18. Contract and Relationship Management19. Ethics and Social ResponsibilitiesPART 6 - Materials Management20. Production and Inventory Control21. Demand Management and LogisticsPART 7 - Implementing Value Network Management22. Implementing Value Network ManagementName IndexSubject Index
