The publication of Purchasing & Supply Chain Management, Eighth Edition marks the 28th anniversary since the first edition was published, and it continues its claim to be the most comprehensive textbook on purchasing and supply chain management currently available. It is also of value to professionals and those specialists in other fields who need an understanding of the role and influence of this vital area of business performance.
The authors have used extensive knowledge of real life events to bring the subject matter to life and to provide a truly international focus on purchasing and supply chain. The economic climate is a massive influence on the need for effective purchasing and supply chain management. Similarly, natural events such as the Japanese earthquakes present the profession with unique challenges. The content of the book will help focus attention in the appropriate risk areas of business. This new edition has been fully revised, covering new developments in the purchasing and supply chain field. There is an increased emphasis on key decisions, supplier relationships, pricing control and negotiation.
Part 1: Introduction and strategy
1. What is purchasing?
2. Strategy and strategic procurement
3. Logistics and supply chains
4. Structure and supply chains
5. Purchasing structure and design
6. Purchasing procedures
Part 2: Strategy, tactics and operations (1): purchasing factors
7. Supplier relationships
8. Purchasing: product innovation, supplier involvement and development
9. Specifying and managing product quality
10. Matching supply with demand
11. Sourcing and the management of suppliers
12. Buying at the right price
Part 3: Strategy, tactics and operations (2): buying situations
13. Contrasting approaches to supply
14. Buying for the public sector (new)
Part 4: Strategy, tactics and operations (3): negotiation, support tools and performance
16. Support tools
17. Purchasing research, performance and ethics
Appendix 1: Personal ethical code of the Chartered Institute of Purchasing and Supply (CIPS)
Appendix 2: Principles and standards of purchasing practice (ISM)
Dr Brian Farrington is the Managing Director of his specialist company, Brian Farrington Limited. They provide training and consultancy support to the public and private sectors of business. They work on major projects and high-value, high-profile procurements. He has extensive experience in the USA, Canada, Southern Africa, Hong Kong and Europe. He has resolved major disputes and negotiated major contracts, including outsourcing key business services.