Procurement and Supply Chain Management 10th Edition by Kenneth Lysons, ISBN-13: 978-1292317915

Description

Procurement and Supply Chain Management 10th Edition by Kenneth Lysons, ISBN-13: 978-1292317915

[PDF eBook eTextbook]

• Publisher: ‎ Pearson (January 1, 2020)
• Language: ‎ English
• 746 pages
• ISBN-10: ‎ 1292317914
• ISBN-13: ‎ 978-1292317915

Procurement and Supply Chain Management, 10th Edition, by Farrington is the most comprehensive and accessible textbook on procurement and supply chain management currently available. It is the ideal textbook for those aspiring to be leaders in the profession, and for those who are engaged in professional studies for the Chartered Institute of Procurement and Supply examinations (at both the foundation and professional stages). It is also of value to specialists in other fields who require understanding of the role and influence of this area of business performance. Using extensive real-life examples the subject matter has been brought to life throughout the book, and provides a truly international focus on procurement and supply chain. This fully revised edition covers new developments in the procurement and supply chain field, and offers new chapters on public sector procurement and socially responsible procurement.

Table of Contents:

Cover

Procurement and Supply Chain Management

Pearson

Title

copyright

Brief Contents

Contents

preface

About The Authors

Acknowledgements

Acknowledgements

Part 1 Introduction and strategy

1 The scope and influence of procurement

Learning outcomes

Key ideas

Introduction

1.1 How to define procurement

1.2 How to define supply chain management (SCM)

1.3 Strategic roles of procurement

1.4 Procurement as organisational buying

1.5 The strategic scope of procurement

1.6 Integrated supply chain management

1.7 Procurement and change

1.8 World-class procurement

1.9 The status of procurement and supply management (PSM)

1.10 Reflections on procurement positioning in business

1.11 The scope of procurement in the public sector

Discussion questions

References

2 Strategic procurement

Learning outcomes

Key ideas

Introduction

2.1 Strategic fit between the supply chain and competitive strategies

2.2 What is strategy?

2.3 Strategy development

2.4 Levels of organisational strategy

2.5 Corporate strategy

2.6 Growth strategies

2.7 Business-level strategy

2.8 Strategic management

2.9 Strategic analysis

2.10 Important environmental factors

2.11 Internal scrutiny

2.12 Strategy formulation

2.13 The evaluation of alternative strategies

2.14 Strategy implementation

2.15 Post-implementation evaluation, control and review

2.16 Strategic procurement and supply chain process models

Discussion questions

References

3 Logistics and supply chains

Learning outcomes

Key ideas

Introduction

3.1 What is logistics?

3.2 Materials, logistics and distribution management

3.3 Reverse logistics

3.4 Supply chains

3.5 Supply chain management (SCM)

3.6 Supply chain vulnerability

3.7 Value chains

3.8 Value chain analysis

3.9 Supply chain optimisation

3.10 Procurement positioning within supply chain management

Discussion questions

References

4 Organisational and supply chain structures

Learning outcomes

Key ideas

Introduction

4.1 Organisational structures

4.2 New type organisations

4.3 The organisation of the future

4.4 Factors in configurations

4.5 Lean organisations

4.6 Agile organisations and production

4.7 Supply and value chain mapping

4.8 Types of change

4.9 Centralised procurement

4.10 Decentralised procurement

4.11 Cross-functional procurement

Discussion questions

References

5 Procurement policies, procedures and support tools

Learning outcomes

Key ideas

Introduction

5.1 Exemplar Procurement Policy – The Crossrail Project

5.2 Procurement procedures

5.3 Procurement process failures

5.4 E-commerce, e-business, e-SCM and e-procurement

5.5 The evolution of e-procurement models

5.6 Electronic data interchange (EDI)

5.7 E-hubs, exchanges, portals and marketplaces

5.8 E-catalogues

5.9 E-auctions

5.10 Reverse auctions

5.11 E-payment

5.12 Low-value purchases

5.13 Procurement manuals

5.14 Procurement playbook

Discussion questions

References

Part 2 Strategy, tactics and operations 1: Procurement factors

6 Supplier relationships and partnering

Learning outcomes

Key ideas

Introduction

6.1 Relationship procurement and procurement relationships

6.2 The application of power in relationship management

6.3 Supplier relationship management – strategic focus

6.4 The contrast between transactional and relationship procurement, taking account of contractual requirements

6.5 Collaborative business relationships

6.6 SRM model

6.7 Models of supplier relationships

6.8 Supplier relationship management – a critique

6.9 The termination of relationships

6.10 Relationship breakdown on an IT project

6.11 Further aspects of relationships

Discussion questions

References

7 Legal and contractual management

Learning outcomes

Key ideas

7.1 The procurement specialist and Contract Law

7.2 Formation of a contract

7.3 Acceptance

7.4 Contracts for the Sale of Goods

7.5 Contract for the Supply of Services

7.6 Consideration

7.7 Capacity to Contract

7.8 Drafting the detail of contract clauses

7.9 Misrepresentation

7.10 The right to terminate a contract

7.11 HOT TOPICS

7.12 Standard Forms of Contract

Discussion questions

References

8 Quality management, service and product innovation

Learning outcomes

Key ideas

8.1 What is quality?

8.2 Quality systems

8.3 Total quality management

8.4 Specifications

8.5 Alternatives to individual specifications

8.6 Standardisation

8.7 Variety reduction

8.8 Quality assurance and quality control

8.9 Tests for quality control and reliability

8.10 The cost of quality

8.11 Value management, engineering and analysis

Discussion questions

References

9 Matching supply with demand

Learning outcomes

Key ideas

9.1 Inventory, logistics and supply chain management

9.2 Reasons for keeping inventory

9.3 Inventory classifications

9.4 Scope and aims of inventory management

9.5 Some tools of inventory management

9.6 The economics of inventory

9.7 Inventory performance measures

9.8 Safety stocks and service levels

9.9 The right quantity

9.10 The nature of demand

9.11 Forecasting demand

9.12 ‘Push’ and ‘pull’ inventories

9.13 Independent demand

9.14 Dependent demand

9.15 Just-in-time (JIT)

9.16 Materials and requirements planning (MRP)

9.17 Manufacturing resource planning (MRP II)

9.18 Enterprise resource planning (ERP)

9.19 Supply chain management systems

9.20 Distribution requirements planning (DRP)

9.21 Vendor-managed inventory (VMI)

9.22 Procurement and inventory

Discussion questions

References

10 Sourcing and the management of suppliers

Learning outcomes

Key ideas

10.1 What is sourcing?

10.2 The strategic sourcing process

10.3 Sourcing information

10.4 Analysis of market conditions

10.5 Directives

10.6 E-sourcing

10.7 Supplier evaluation

10.8 Supplier approval

10.9 Evaluating supplier performance

10.10 Policy issues in sourcing

10.11 The supplier base

10.12 Outsourcing

10.13 Make vs buy

10.14 Sub-contracting

10.15 Partnering

10.16 Intellectual property rights

10.17 Procurement management of IPRs

10.18 Procurement support for in-house marketing

10.19 Intra-company trading

10.20 Procurement consortia

10.21 Sustainability

10.22 Sourcing decisions

10.23 Factors in deciding where to buy

Discussion questions

References

11 Purchase price management and long-term cost-in-use

Learning outcomes

Key ideas

11.1 What is price?

11.2 Strategic pricing – an introduction

11.3 The buyer’s role in managing purchase prices

11.4 Supplier pricing decisions

11.5 The supplier’s choice of pricing strategy

11.6 Tender pricing

11.7 Price and cost analysis

11.8 Competition legislation

11.9 Collusive tendering

11.10 Price variation formulae

Discussion questions

References

Part 3 Public sector procurement and sustainable procurement

12 Public sector procurement

Learning outcomes

Key ideas

Introduction

12.1 Understanding the context of public procurement

12.2 Procurement – an integral element of the commissioning cycle

12.3 The complexity and nature of public sector expenditure

12.4 Public Accounts Committee

12.5 Procurement of goods and services

12.6 EU financial thresholds

12.7 OJEU minimum timescale

12.8 Public procurement procedures

12.9 Pre-qualification to supply a public sector organisation

12.10 Tender evaluation

12.11 The Legal context of challenges to public sector contract award

12.12 Public sector risk

12.13 Public sector procurement fraud

12.14 Aviation Department Fraud – United States

12.15 Mighty River Power Ltd Fraud – New Zealand

12.16 The Fat Leonard Case USA

12.17 Public sector projects – procurement learning

12.18 Conclusion

Discussion questions

References

13 Sustainability and socially responsible procurement

Learning outcomes

Key ideas

13.1 What is sustainability procurement?

13.2 Sustainable Procurement Strategy

13.3 Sustainability as an objective in corporate strategy

13.4 Sustainable Procurement Policy

13.5 Sustainable Procurement Guide

13.6 Supply chain compliance

13.7 What is Social Value?

13.8 ISO 14001:2015 Environmental management systems

13.9 BS ISO 20400:2017 Sustainable Procurement

13.10 ISO 14031:2015 Environmental Management – Environmental performance evaluation: guidelines

13.11 Environmental impact of computers

13.12 Addressing environmental issues during the procurement process

13.13 Pre-qualification questionnaire – sustainability implications

13.14 New models for sustainable procurement

13.15 Environmental technical specifications

13.16 Sustainability achievements in public procurement

13.17 European Directive on clean energy-efficient vehicles

13.18 Contractual Implications of environmental and related considerations

13.19 Sustainability challenges for procurement

13.20 Multinational enterprises

13.21 The Kyoto protocol

13.22 Conclusion

Discussion questions

References

Part 4 Strategy, tactics and operations 2: Operation andstrategic performance

14 Project procurement and risk management

Learning outcomes

Key ideas

Introduction

14.1 The project lifecycle

14.2 The project procurement strategy

14.3 Role of procurement

14.4 PRINCE 2®

14.5 Project management issues

14.6 Project risk management

14.7 Corporate benefits of world-class project procurement

14.8 Project risk register

14.9 Project audit

14.10 Procurement management

Discussion questions

References

15 Global sourcing

Learning outcomes

Key ideas

15.1 Terminology

15.2 Motives for buying offshore

15.3 Sources of information for offshore suppliers

15.4 Overcoming challenges when sourcing offshore

15.5 Incoterms®

15.6 Customs and Excise

15.7 Transport systems, costs and considerations

15.8 Freight agents

15.9 Methods of payment

15.10 Countertrade

15.11 The true cost of offshore buying

15.12 Global sourcing – Boeing case study

15.13 Buying capital equipment offshore

15.14 Factors in successful offshore procurement

Discussion questions

References

Part 5 Strategy, tactics and operations 3: Negotiation skills, contract management, category and world class procurement

16 Negotiation skills, practice and business benefits

Learning outcomes

Key ideas

Introduction

16.1 Approaches to negotiation

16.2 The content of negotiation

16.3 The negotiator’s authority

16.4 The negotiation process

16.5 Pre-negotiation

16.6 The actual negotiation

16.7 Post-negotiation actions

16.8 What is effective negotiation?

16.9 Negotiation and relationships

16.10 Negotiation ethics

Discussion questions

References

17 Contract management

Learning outcomes

Key ideas

Introduction

17.1 The pre-contract award activities impact on contract management

17.2 The contract manager’s role, skills and knowledge

17.3 Contract management good practice (including VFM)

17.4 Contract management plans

17.5 Key performance indicators (KPIs) for contract management

17.6 Lapses in contract management

17.7 Social services contract monitoring audit

17.8 Contract provisions

17.9 Contract clauses and what they mean

Discussion questions

References

18 Category and commodity procurement

Learning outcomes

Key ideas

Introduction

18.1 Defining categories

18.2 Illustrations of category management issues

18.3 The talent challenge

18.4 Category management – corporate travel

18.5 Category management – ICT

18.6 Capital investment procurement

18.7 Production materials

18.8 Raw materials

18.9 Futures dealing

18.10 Methods of commodity dealing

18.11 Procurement of non-domestic gas and electricity

18.12 Energy regulation

18.13 Energy supply chains in the UK

18.14 Markets

18.15 Pricing

18.16 Procuring energy contracts

18.17 Energy consultants and management

18.18 Component parts and assemblies

18.19 Consumables and MRO items

18.20 Construction supplies and bills of quantities

18.21 Procurement of services

Discussion questions

References

19 World-class procurement to enhance business performance

Learning outcomes

Key ideas

19.1 Innovation and supplier continuous improvement

19.2 Innovation

19.3 Environmentally sensitive design

19.4 Procurement involvement in product development

19.5 Supplier development

19.6 Procurement research

19.7 Procurement performance evaluation

19.8 Accounting approaches

19.9 The procurement management audit approach

19.10 Benchmarking and ratios

19.11 Integrated benchmarking

19.12 Procurement ethics

19.13 Ethical issues relating to suppliers

19.14 Ethical codes of conduct

19.15 Procurement and fraud

19.16 Cyber security

Discussion questions

References

Appendix 1

Appendix 2

Definitions

Index

Subject Index

Dr. Brian Farrington is the Managing Director of his specialist company, Brian Farrington Limited. They provide training and consultancy support to the public and private sectors of business. They work on major projects and high-value, high-profile and high-risk procurements. He has extensive experience in the USA, Canada, Southern Africa, Hong Kong and Europe. He has resolved major disputes and negotiated complex contracts, including outsourcing key business services.

What makes us different?

• Instant Download

• Always Competitive Pricing

• 100% Privacy

• FREE Sample Available

• 24-7 LIVE Customer Support