Purchasing and Supply Management (7th Edition)

Description:

Master the heartbeat of the supply chain. Purchasing and Supply Management (7th Edition) is an essential resource for students and professionals aiming to optimize organizational spending and supplier relationships. This edition has been extensively updated to reflect the rapid changes in the global procurement landscape, including digital transformation, sustainability, and the critical role of supply chain resilience.

• Strategic Procurement: Moves beyond simple “buying” to explain how purchasing creates a competitive advantage for the firm.

• Ethics and Sustainability: Detailed focus on “Green” purchasing and ethical sourcing, which are now critical for modern business compliance.

• Risk Management: Updated strategies for navigating global supply chain disruptions—essential for the current economic climate.

• Local Context: Addresses South African procurement challenges, including B-BBEE requirements and local supplier development.

Key Topics Covered:

• The Role of Purchasing: Its contribution to profitability and the total cost of ownership (TCO).

• Supplier Selection & Evaluation: How to choose the right partners using rigorous criteria.

• Electronic Procurement: The impact of e-procurement systems and AI on modern supply chains.

• Inventory Management: Balancing the costs of holding stock versus the risks of stockouts.

• Contract Management: The legal and practical aspects of managing supplier agreements.

Key Specifications:

• ISBN-13: 9780627035470

• Editors: J.A. Badenhorst-Weiss, J.O. Cilliers, and W. Badenhorst-Weiss

• Publisher: Van Schaik Publishers

• Edition: 7th Edition

• Format: Physical Softcover

Condition Note: This textbook is in very good condition.