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Purchasing and Supply Chain Management

By Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

7th Edition © 2021
Discipline:Decision Sciences
Course:Operations Management
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Present the most current, complete coverage of today's supply management process from a managerial perspective with Monczka/Handfield/Giunipero/Patterson's PURCHASING AND SUPPLY CHAIN MANAGEMENT, 7E. This edition draws from the authors' extensive first-hand experiences and relationships with executives and practitioners worldwide to highlight critical developments in the field. Students examine recent advancements in supply chain fraud management, artificial intelligence, analytics, procurement automation and robotic process automation. New content also discusses supply chain fraud management and mitigation, emerging technology in real-time supply chain control towers, use of blockchain and the creation of Centers of Excellence. In addition, numerous real cases and memorable examples provide contextual insights into the strategies, processes and practices of supply management. A digital support packages helps you further emphasize the impact of purchasing and supply chain management on an organization's competitive success and profitability.

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About this product

Present the most current, complete coverage of today's supply management process from a managerial perspective with Monczka/Handfield/Giunipero/Patterson's PURCHASING AND SUPPLY CHAIN MANAGEMENT, 7E. This edition draws from the authors' extensive first-hand experiences and relationships with executives and practitioners worldwide to highlight critical developments in the field. Students examine recent advancements in supply chain fraud management, artificial intelligence, analytics, procurement automation and robotic process automation. New content also discusses supply chain fraud management and mitigation, emerging technology in real-time supply chain control towers, use of blockchain and the creation of Centers of Excellence. In addition, numerous real cases and memorable examples provide contextual insights into the strategies, processes and practices of supply management. A digital support packages helps you further emphasize the impact of purchasing and supply chain management on an organization's competitive success and profitability.

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.

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.

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 in the midst of 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 collaboration 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 the impact of purchasing on businesses' major functional activities.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Dedication
Preface
About the Authors
Part 1. Introduction
Part 2. Purchasing Operations and Structure
Part 3. Strategic Sourcing
Part 4. Strategic Sourcing Process
Part 5. Critical Supply Chain Elements
Part 6. Future Directions
Case 1. Avion Inc.
Case 2. The Global Sourcing Wire Harness Decision
Case 3. Managing Supplier Quality: Integrated Devices
Case 4. Negotiation—Porto
Case 5. Purchasing Ethics
Case 6. Insourcing/Outsourcing: The FlexCon Piston Decision
Case 7. Email Exercise
Show more

Part 1. Introduction

Chapter 1. Introduction to Purchasing and Supply Chain Management
Preview this section ↗
1-1. Introduction ↗
1-2. A New Competitive Environment ↗
1-3. Managing the Supply Base ↗
1-4. Why Purchasing Is Important ↗
1-4a. Increasing Value and Savings ↗
1-4b. Building Relationships and Driving Innovation ↗
1-4c. Improving Quality and Reputation ↗
1-4d. Reducing Time to Market ↗
1-4e. Managing Supplier Risk ↗
1-4f. Generating Economic Impact ↗
1-4g. Contributing to Competitive Advantage ↗
1-5. Understanding the Language of Purchasing and Supply Chain Management ↗
1-5a. Purchasing and Supply Management ↗
1-5b. Supply Chains and Value Chains ↗
1-5c. Supply Chains Illustrated ↗
1-6. Achieving Purchasing and Supply Chain Benefits ↗
1-7. The Supply Chain Umbrella-Functional Activities ↗
1-7a. Purchasing ↗
1-7b. Inbound Transportation ↗
1-7c. Quality Control ↗
1-7d. Demand and Supply Planning ↗
1-7e. Receiving, Materials Handling, and Storage ↗
1-7f. Materials or Inventory Control ↗
1-7g. Order Processing ↗
1-7h. Production Planning, Scheduling, and Control ↗
1-7i. Shipping/Warehousing/Distribution ↗
1-7j. Outbound Transportation ↗
1-7k. Customer Service ↗
1-8. Four Enablers of Purchasing and Supply Chain Management ↗
1-8a. Capable Human Resources ↗
1-8b. Proper Organizational Design ↗
1-8c. Real-Time Collaborative Technology Capabilities ↗
1-8d. Right Measures and Measurement Systems ↗
1-9. The Evolution of Purchasing and Supply Chain Management ↗
1-9a. Period 1: The Early Years (1850–1900) ↗
1-9b. Period 2: Growth of Purchasing Fundamentals (1900–1939) ↗
1-9c. Period 3: The War Years (1940–1946) ↗
1-9d. Period 4: The Quiet Years (1947–Mid-1960s) ↗
1-9e. Period 5: Materials Management Era (Mid-1960s–Late 1970s) ↗
1-9f. Period 6: The Global Era (Late 1970s–1999) ↗
1-9g. Period 7: Integrated Supply Chain Management and Technology (2000–2025) ↗
1-10. Looking Ahead ↗
Key Terms ↗
Discussion Questions ↗
Additional Readings ↗

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