Major new areas covered in this sixth edition include: global sourcing; supplier and supply-chain management; the use of cross-functional teams in new product development; commodity management and sourcing; and early purchasing and supplier involvement in specifications development.
This best-selling text's hallmark has always been its fundamental treatment of the basics. In the thorough revision the change of title reflects the fact that purchasing is a field in transition. In most industries it is evolving into purchasing and supply management. Major new areas in the 6th edition include global sourcing, supplier and supply chain management, the use of cross-functional teams in new product development, commodity management and sourcing, and early purchasing and supplier involvement in specifications development. New topics include total quality management, partnering and strategic alliances, and just-in-time purchasing and outsourcing developments.
Customer Reviews - Purchasing and Supply Management
Part 1 The function of purchasing and supply management: purchasing - a profession in transition; the role of purchasing and supply management in business; objectives and policies; operating procedures; computer-based systems/EDI; organization. Part 2 The generation of requirements: purchasing's role in new product development; purchase descriptions and specifications; standardization; outsourcing and make-or-buy decisions. Part 3 Sourcing: sources of supply, part 1; sources of supply, part 2; international sourcing; pricing principles; cost analysis; dealing with cost uncertainty - types of compensation agreements; negotiation. Part 4 Special purchases: purchasing capital equipment; purchasing services. Part 5 Contract administration: post award activities and the management of supply relations; managing for quality. Part 6 Materials management activities: production planning; inventory management; warehouse and stores management; traffic; investment recovery - management of surplus materials and environmental considerations. Part 7 General management responsibilities: developing and managing the buying plan; value analysis/engineering; appraisal, control and reports; legal considerations; ethical and professional standards. Part 8 Institutional and government purchasing: purchasing for institutions and governmental organizations. Part 9 Cases for study and analysis.
Purchasing and Supply Management by Lamar Lee
Used - Very Good
McGraw-Hill Education - Europe
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