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Gain a thorough understanding of the critical role of purchasing in the supply chain with one of today's leading-edge strategy and purchasing books- SOURCING AND SUPPLY CHAIN MANAGEMENT, 5E. This turnkey solution provides current and complete coverage that makes it not only a useful book, but also a valuable professional reference tool.This edition presents the most recent critical developments in the field as well as the impact of the recent recession and ongoing business uncertainty on today's supply chain. This leading author team draws from firsthand experience and their relationships with executives and practitioners worldwide to present numerous cases, memorable examples, and unique insights that enable readers to better understand today's purchasing process. Key Features 1.NEW AND UPDATED VIGNETTES AND EXAMPLES REFLECT THE LATEST DEVELOPMENTS FROM TOP PURCHASING EXECUTIVES WORLDWIDE. The authors have tapped into their industry connections worldwide to present insights and memorable examples from leading purchasing executives and the latest research initiatives. Students gain a better understanding of the most recent critical developments in the field as well as the impact of the recent recession and ongoing business uncertainty on today's supply chain. 2.NUMEROUS NEW "GOOD PRACTICE" EXAMPLES ILLUSTRATE STELLAR CASES OF THE CHAPTERS' TOPICS IN ACTION. Intriguing "Good Practice" examples at the conclusion of each chapter integrate the chapter's topics while exemplifying some of the latest developments in purchasing and supply chain management today. 3.UPDATED DISCUSSION QUESTIONS AND ADDITIONAL READINGS PROVIDE INSIGHTS INTO PURCHASING TODAY. Students gain a better understanding of the strategies, processes, and practices of purchasing as this edition's new discussion questions prompt engaging class interaction. Additional recommended readings further equip future managers with a better understanding of how purchasing and supply chain management directly impact an organization's profitability. 4.UPDATED CENTER-LED ORGANIZATION DISCUSSIONS GIVE STUDENTS A BETTER UNDERSTANDING OF THIS NEW, EFFECTIVE MODEL OF PROCUREMENT. Students gain a better understanding of the advantages, challenges, and flexibility that today's center-led organizational model can provide. 5.THE LATEST RESEARCH REFLECTS TODAY'S NEW DEVELOPMENTS IN SUPPLY CHAIN MANAGEMENT AND PURCHASING. Students gain a better understanding of the latest changes, such as the procure-to-pay (P2P) process covered in Chapter 2. 6.NEW EXAMPLES REFLECT TODAY'S EMERGING INDUSTRIES. This edition provides new supply management case examples and snapshots from the growing healthcare and service industries. 7.UPDATES DETAIL THE ROLE OF CORPORATE SOCIAL RESPONSIBILITY IN PROCUREMENT TODAY. New coverage in Chapter 3 addresses sustainability as an important component of purchasing policy and procedures. This edition also lists the best companies for social responsibility and diversity in procurement. 8.UPDATED COVERAGE OF STRATEGIC CATEGORY MANAGEMENT DISCUSSES THE LATEST DEVELOPMENTS AND STRATEGIES. New discussion in Chapter 6 explores how the economic recession is impacting category management strategies. A new section discusses how to perform market intelligence and risk assessments for category management. This edition also examines tools for stakeholder engagement, a critical component of category management. 9.NEW COVERAGE DISCUSSES INSOURCING VERSUS OUTSOURCING AS A COMPONENT OF STRATEGY. In this edition, students are able to more clearly compare the advantages and disadvantages of insourcing versus outsourcing as they examine fresh examples that demonstrate the effectiveness of Boeing Corporation insourcing more of its operations. 10.NEW COVERAGE PREPARES STUDENTS TO WORK EFFECTIVELY WITH SUPPLIERS. This edition now examines the basic contents of a Supplier Quality Manual in Chapter 8. A new section on "The Seven Wastes" discusses programs such as Honda's BP process (Chapter 8). 11.UPDATES REFLECT THE LATEST QUALITY STANDARDS. New coverage in Chapter 8 addresses ISO 9000:2008 Standards as well as ISO 14000:2004 Standards. 12.NEW COVERAGE PREPARES STUDENTS TO MANAGE THE SUPPLY BASE FOR MAXIMUM QUALITY AND PROFITABILITY. New sections in Chapter 9 address the topics of "Managing the Supply Base Risk" and "Managing Sustainability in the Supply Base." 13.NEW COVERAGE OF STRATEGIC COST MANAGEMENT EXAMINES THE LATEST RESEARCH AND PRACTICES. New material on strategic cost management and target costing explores Honda of America (Chapter 11). Students also study best practice research on strategic cost management from a recent 2009 study. 14.EXPANDED DISCUSSIONS ON NEGOTIATIONS BETTER PREPARE STUDENTS FOR THIS IMPORTANT ASPECT OF PROCUREMENT. Revised coverage in Chapter 13 examines the negotiation framework in supply management, while updated sections look at the impact of electronic media on negotiations. 15.NEW COVERAGE OF TRANSPORTATION ISSUES PREPARES STUDENTS FOR TODAY'S VARIABLES. Updates throughout Chapter 17 identify key transportation variables and discuss today's most recent transportation issues. Table of Contents Part I: INTRODUCTION. 1.Introduction to Purchasing and Supply Chain Management. Part II: PURCHASING OPERATIONS AND STRUCTURE. 2. The Purchasing Process. 3. Purchasing Policy and Procedures. 4. Supply Management Integration for Competitive Advantage. 5. Purchasing and Supply Chain Organization Part III: STRATEGIC SOURCING. 6. Supply Management and Commodity Strategy Development. 7. Supplier Evaluation and Selection. 8. Supplier Quality Management. 9. Supplier Management and Development: Creating a World-Class Supply Base. 10. Worldwide Sourcing. Part IV: STRATEGIC SOURCING PROCESS. 11. Strategic Cost Management. 12. Purchasing and Supply Chain Analysis: Tools and Techniques. 13. Negotiation and Conflict Management. 14. Contract Management. 15. Purchasing Law and Ethics. Part V: CRITICAL SUPPLY CHAIN ELEMENTS. 16. Lean Supply Chain Management. 17. Purchasing Services. 18. Supply Chain Information Systems and Electronic Sourcing. 19. Performance Measurement and Evaluation. Part VI: FUTURE DIRECTIONS 20. Purchasing and Supply Strategy Trends.Cases.Index