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Overview
Handfield/Giunipero/Monczka/Patterson’s “Purchasing and Supply Chain Management,” 8th Edition, is the most complete book of supply chain management that includes fundamental concepts, best practices and key trends. First-hand experiences, field research and interviews with executives and practitioners highlight critical developments in the field. Recent advancements in supply chain counterfeiting and cybersecurity, AI, analytics, procurement automation and other trends are included. Content discusses supply chain counterfeit management and mitigation, emerging technology in real-time supply chain control towers, supply chain resilience, application of AI to procurement, real-time inventory visibility and the use of Centers of Excellence to drive procurement transformation. Real cases and examples provide insight into the strategies, processes and practices of supply management.
- The text integrates new reports written by the authors on Counterfeiting in Supply Chains, Developing Centers of Excellence, Cybersecurity in the Supply Base and Metrics of the Future: Beyond Cost Reduction conducted for the Center for Advanced Purchasing Studies.
- Updates reflect the impact of the COVID pandemic on improved supply chain performance and are based on the authors’ own experiences serving on the Joint Acquisition Task Force for the US White House.
- New sections on the impact of ChatGPT, Large Language Models (LLMs) and process automation on procurement is based on the most recent interviews with emerging technology providers.
- New Sourcing Snapshots from Supply Management Executives provide key insights necessary to manage the function in a changing, challenging risk-filled environment.
- CONTENT REFLECTS THE AUTHORS' EXTENSIVE FIRST-HAND EXPERIENCES AND INSIGHTS FROM EXECUTIVES AND PRACTITIONERS WORLDWIDE. The timely, comprehensive coverage throughout this leading-edge text is a culmination of the authors' ongoing discussions with purchasing and supply chain leaders and managers from various industries around the world. Many of these experiences can also be found on the authors’ blog on Supply Chain Resource Cooperative, which is available to all students at no cost.
- A STRONG MANAGERIAL PERSPECTIVE PREPARES STUDENTS TO MANAGE THE PURCHASING FUNCTION EFFECTIVELY. The text's hallmark -- a solid managerial perspective throughout the book -- enables students to examine the core tasks and challenges required to effectively lead the purchasing function in the context of today's integrated supply chain. Students are guaranteed to be prepared for a job in procurement and supply chain after reading this text, and many will want to keep it as a reference throughout their careers.
- A HANDS-ON, APPLIED APPROACH ENSURES LEARNING SUCCESS. The text's engaging approach and integrated learning features, cases and memorable examples have been thoroughly tested with student audiences to ensure that learners remain interested and actively involved in the learning process. Real examples demonstrate how supply managers deal with complex sourcing issues during rapidly changing expectations and technologies in order to become key strategic contributors in their organizations.
- THE CONCEPT OF TEAMING IS EMPHASIZED THROUGHOUT THIS BOOK. Because cross-functional teams and collaborations are so critical in business today, many of this edition's case exercises require a team effort. This cross-functional influence helps students fully understand how working with stakeholders is a critical dimension of procurement outcomes.
1. Introduction to Purchasing and Supply Chain Management.
Part II: PURCHASING OPERATIONS AND STRUCTURE.
2. The Purchasing Process.
3. Purchasing Policies and Procedures.
4. Supply Management Integration for Competitive Advantage.
5. Purchasing and Supply Management 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.