Procurement and Supply Chain Management 9th Edition by Kenneth Lysons, Brian Farrington ISBN 1292086114 978-1292086118

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ISBN 10: 1292086114
ISBN 13: 978-1292086118
Author: Kenneth Lysons, Brian Farrington 

This market-leading text continues its claim to be the most comprehensive textbook on procurement and supply chain management currently available. It is also of value to professionals and those specialists in other fields who need an understanding of the role and influence of this vital area of business performance.

The subject matter has been brought to life using extensive real-life examples and a truly international focus on procurement and supply chain. This new fully revised edition covers new developments in the procurement and supply chain field, and offers increased coverage of project procurement and risk management, global sourcing and contract management, alongside a brand new chapter on Legal and Contractual Management.

Procurement and Supply Chain Management 9th Table of contents:

Part 1 Introduction, strategy, logistics, supply chain, policies and procedures……Page 22
Key ideas
1.1 How to define procurement
1.2 Strategic roles of procurement
1.3 Procurement as organisational buying
1.4 The evolution of purchasing through to procurement
1.5 Procurement and change
1.6 World-class procurement
1.7 The status of procurement and supply management (PSM).
Discussion questions.
References.
Key ideas.
Introduction.
2.1 Strategic thinking.
2.2 What is strategy?
2.3 Strategy development.
2.4 Levels of organisational strategy.
2.6 Growth strategies.
2.7 Business-level strategy.
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 vii
2.16 Strategic procurement and supply chain process models
Discussion questions
References
Key ideas.
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
3.8 Value chains
3.9 Value chain analysis
3.10 Supply chain optimisation
3.11 Supply chains and procurement
Discussion questions
Key ideas.
4.1 Organisational structures
4.2 New type organisations
4.3 Networks..
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
4.11 Cross-functional procurement.
Discussion questions.
References.
Introduction.
5.1 Exemplar Procurement Policy – The Crossrail Project
5.2 Procurement procedures
5.4 E-commerce, e-business, e-SCM and e-procurement.
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 Supplier manuals.
Discussion questions.
References.
Part 2 Supplier relationships, legal & contractual management, quality management, sourcing, supplier selection, price management and long-term cost in use.
Introduction.
6.3 Collaborative business relationships.
6.4 Relationship formation.
6.5 Models of supplier relationships.
6.6 Practical considerations of supplier relationship management
6.7 The termination of relationships.
6.8 Relationship breakdown on an IT project.
Discussion questions.
References.
7.1 The procurement specialist and Contract Law
7.2 Offer and acceptance.
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.
References.
Key ideas
8.1 What is quality?
8.3 The importance of TQM
8.4 Specifications
8.5 Alternatives to individual specifications.
8.6 Standardisation.
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.
Key ideas.
9.2 Reasons for keeping inventory.
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.
9.11 Forecasting demand.
9.12 ‘Push’ and ‘pull’ inventories.
9.13 Independent 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)
9.20 Distribution requirements planning (DRP)
9.21 Vendor-managed inventory (VMI)
Discussion questions
References.
Key ideas.
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 Locating suppliers.
10.8 Supplier assessment
10.9 Supplier approval
10.10 Evaluating supplier performance
10.11 Policy issues in sourcing
10.12 The supplier base……Page 381
10.13 Outsourcing.
10.14 Outsourcing manufacturing.
10.15 Outsourcing services.
10.17 Types of outsourcing
10.19 Problems of outsourcing
10.20 Handling an outsourcing project
10.21 Sub-contracting
10.22 Partnering
10.23 Intellectual property rights and secrecy.
10.24 Procurement support for in-house marketing
10.25 Intra-company trading.
10.27 Procurement consortia.
10.28 Sustainability.
10.29 Sourcing decisions
10.30 Factors in deciding where to buy
Discussion questions
References.
Key ideas
11.2 Strategic pricing – an introduction
11.3 The buyer’s role in managing purchase prices.
11.5 The supplier’s choice of pricing strategy
11.6 Price and cost analysis
11.7 Competition legislation
11.8 Collusive tendering.
11.9 Price variation formulae.
Discussion questions.
References
Part 3 Project management and risk management, global sourcing, negotiation skills, contract management, category procurement, world-class procurement to enhance business performance.
Key ideas
12.2 The project lifecycle
12.3 PID and the project procurement strategy.
12.4 Design and build.
12.6 PRINCE2 
12.7 Project management issues
12.8 Project risk management.
12.9 Project procurement risk management
12.10 Project procurement management
References
Key ideas
13.2 Motives for buying offshore
13.3 Sources of information for offshore suppliers.
13.4 Overcoming challenges when sourcing off-shore.
13.5 Incoterms ®.
13.6 Shipping terms.
13.7 Customs and Excise.
13.8 Transport systems, costs and considerations.
13.9 Freight agents.
13.10 Methods of payment.
13.11 Countertrade.
13.13 Buying capital equipment offshore.
13.14 Factors in successful offshore procurement
References.
Introduction.
14.1 Approaches to negotiation.
14.2 The content of negotiation
14.3 Factors in negotiation.
14.4 The negotiation process.
14.5 Pre-negotiation.
14.6 The actual negotiation
14.7 Post-negotiation actions
14.9 Negotiation and relationships
14.10 Negotiation ethics.
Discussion questions
Key ideas.
15.1 The pre-contract award activities impact on contract management.
15.2 The contract manager’s role, skills and knowledge.
15.3 Contract management plans.
15.4 The contract management of specifications/standards.
15.5 Managing contract performance
15.6 Social services contract monitoring audit.
15.7 Contract management checklist.
15.8 Contract provisions.
15.9 Contract clauses and what they mean.
Discussion questions.
References
Key ideas.
16.1 Defining categories.
16.2 Illustrations of category management issues
16.4 Category management risk profiling.
16.5 Category management – corporate travel.
16.6 Category management – ICT
16.7 Capital investment procurement
16.8 Production materials
16.9 Raw materials
16.10 Futures dealing.
16.11 Methods of commodity dealing
16.14 Energy supply chains in the UK.
16.15 Markets.
16.16 Pricing.
16.17 Procuring energy contracts.
16.19 Component parts and assemblies.
16.20 Procurement and consumables.
16.21 Construction supplies and bills of quantities.
16.22 Procurement of services.
Discussion questions.
References
Key ideas
17.1 Innovation and supplier continuous improvement.
17.2 Innovation
17.3 Environmentally sensitive design.
17.5 Supplier development.
17.6 Procurement research..
17.7 Procurement performance evaluation.
17.8 Accounting approaches.
17.9 The procurement management audit approach
17.10 Benchmarking and ratios
17.11 Integrated benchmarking.
17.12 Procurement ethics.
17.13 Ethical issues relating to suppliers
17.14 Ethical codes of conduct
17.15 Procurement and fraud
17.16 Environmental aspects of procurement
Discussion questions
References.
Appendix 1: Code of professional ethics – Chartered Institute of Procurement and Supply (CIPS) (Approved by the CIPS Council, 11 March 2009).
Appendix 2: Principles and standards of ethical supply management conduct (ISM) (Adopted May 2008).
Definitions, acronyms and foreign words and phrases
Index of names and organisations and some publications mentioned in the text.

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