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Full Description
Gain a comprehensive insight into the ideas and approaches to purchasing and procurement
Now in its 12th edition, Procurement Principles and Management in the Digital Age by Baily, Farmer, Crocker and Jessop has been essential reading for practitioners and students of purchasing, procurement and supply chain management for nearly 50 years. The text has been updated to cover the continuous developments taking place in this field, and carefully balances emerging philosophies with proven and established thinking and practice in the profession. This new edition covers various existing and future concerns in procurement and supply chain such as digitalisation, sustainability and resilience.
This ever-popular title offers:
• relevant case studies and research boxes that explore the topics introduced in the chapter in detail
• latest global examples of best practice in many key areas of purchasing and procurement
• expanded treatment of key topics, including supplier diversity, supplier relationship management, sustainability, retail procurement and category management
• additional material on Industry 4.0 elements such as e-procurement, Blockchain, the Internet of Things, Big Data, robotics, artificial intelligence (AI), chatbots and analytics
• post-Brexit implications on public sector procurement
• long-term impact of the Covid-19 pandemic on procurement and supply chain
• increased focus on social value strategies and approaches, contract management, procurement of consultancy and supply chain resilience approaches.
About the authors:
Peter Baily was Senior Lecturer at the Polytechnic of Wales and chief examiner for Chartered Institute of Procurement and Supply (CIPS).
David Farmer was Professor of Management Studies at Henley Management College.
Barry Crocker is former Senior Lecturer at Salford University and former assistant examiner for CIPS.
David Jessop is Emeritus Professor at University of South Wales and a Fellow of the CIPS.
Pearson, the world's learning company
Contents
Preface
Acknowledgements
Part 1 Procurement Objectives and Development 1. Procurement scope and development 2. Strategic procurement and supply chain management 3. Public sector procurement
Part 2 Key Procurement Issues 4. Outsourcing 5. Quality management 6. Inventory management 7. Lead time and time compression 8. Sourcing strategies and relationships 9. Price and total cost of ownership (TCO) 10. Negotiations
Part 3 Applications 11. Project procurement 12. Procurement of commodities 13. International sourcing, global sourcing and onshoring 14. Capital procurement 15. Retail procurement 16. Services procurement 17. Corporate social responsibility and sustainability
Part 4 Industry 4.0: E-Procurement Systems and Contract Management 18. Industry 4.0: e-procurement, digitalisation and analytics 19. Contract law 20. Contract management
Index
Publisher's acknowledgements
