Procurement Principles and Management 11th Edition by Peter Baily, David Farmer, Barry Crocker, David Jessop, David Jones ISBN 1292016019 9781292016016

Chapter 1: Procurement Scope and Development

• Focuses on the evolution of procurement processes, how the scope of procurement has changed over time, and the development of modern procurement practices.

Chapter 2: Strategic Procurement and Supply Chain Management

• Discusses the alignment of procurement strategies with organizational goals and the broader supply chain strategy to enhance efficiency, reduce costs, and ensure continuous supply.

Chapter 3: Public Sector Procurement

• Focuses on the specific challenges and regulations that govern procurement in the public sector, including compliance with laws and managing taxpayer funds efficiently.

Chapter 4: Outsourcing

• Covers the practice of outsourcing procurement or certain operations to third parties, including benefits, challenges, and strategic considerations.

Chapter 5: Quality Management

• Discusses how quality control is integrated into procurement processes, ensuring that suppliers meet certain standards and that products or services meet the required specifications.

Chapter 6: Inventory Management

• Focuses on techniques for managing inventory in procurement, ensuring that the right amount of stock is available to meet demand without excess or shortages.

Chapter 7: Lead Time and Time Compression

• Looks at how lead times affect procurement cycles and strategies for reducing time delays in sourcing, production, and delivery.

Chapter 8: Sourcing Strategies and Relationships

• Explores the different strategies for sourcing materials and services, as well as how supplier relationships are managed for long-term mutual benefit.

Chapter 9: Price and Total Cost of Ownership (TCO)

• Focuses on cost analysis and understanding the total cost of owning a product or service, not just the initial price, but all associated costs over the product’s lifecycle.

Chapter 10: Negotiations

• Discusses strategies for effective negotiation with suppliers and stakeholders, including pricing, terms, and contractual agreements.

Chapter 11: Project Procurement

• Focuses on the procurement processes specific to managing projects, including selecting suppliers, managing contracts, and meeting project objectives.

Chapter 12: Procurement of Commodities

• Addresses strategies for sourcing common commodities, including pricing trends, market dynamics, and managing supply volatility.

Chapter 13: International and Global Sourcing

• Looks at global procurement challenges, including currency risks, trade regulations, and logistics management in sourcing products and services internationally.

Chapter 14: Capital Procurement

• Focuses on procuring large, high-cost items like machinery, equipment, or infrastructure, with a focus on investment decisions and ROI.

Chapter 15: Retail Procurement and Efficient Consumer Response (ECR)

• Discusses procurement in the retail sector, including the efficient management of inventory, demand forecasting, and ensuring products are available to customers at the right time.

Chapter 16: Services Procurement

• Focuses on the procurement of services rather than goods, covering the challenges of managing service contracts, performance expectations, and service-level agreements.

Chapter 17: Corporate Social Responsibility (CSR)

• Discusses how procurement integrates ethical, social, and environmental considerations into decision-making, ensuring suppliers align with the company’s CSR goals.

Chapter 18: E-Procurement Systems

• Covers the use of technology in procurement, such as online platforms, e-sourcing, and procurement software to automate and streamline the procurement process.

Chapter 19: Contract Management and Performance Measurement

• Focuses on the management of contracts post-signing, including monitoring supplier performance, ensuring compliance, and resolving disputes when necessary.