Procurement Principles and Management in the Digital Age (12^th Ed.)

Now in its 12th edition, Procurement Principles and Management in the Digital Age by Baily, Farmer, Crocker and Jessop has been essential reading for practitioners and students of purchasing, procurement and supply chain management for nearly 50 years. The text has been updated to cover the continuous developments taking place in this field, and carefully balances emerging philosophies with proven and established thinking and practice in the profession. This new edition covers various existing and future concerns in procurement and supply chain such as digitalisation, sustainability and resilience.

This ever-popular title offers:

? relevant case studies and research boxes that explore the topics introduced in the chapter in detail

? latest global examples of best practice in many key areas of purchasing and procurement

? expanded treatment of key topics, including supplier diversity, supplier relationship management, sustainability, retail procurement and category management

? additional material on Industry 4.0 elements such as e-procurement, Blockchain, the Internet of Things, Big Data, robotics, artificial intelligence (AI), chatbots and analytics

? post-Brexit implications on public sector procurement

? long-term impact of the Covid-19 pandemic on procurement and supply chain

? increased focus on social value strategies and approaches, contract management, procurement of consultancy and supply chain resilience approaches.

Peter Baily was Senior Lecturer at the Polytechnic of Wales and chief examiner for Chartered Institute of Procurement and Supply (CIPS).

David Farmer was Professor of Management Studies at Henley Management College.

Barry Crocker is former Senior Lecturer at Salford University and former assistant examiner for CIPS.

David Jessop is Emeritus Professor at University of South Wales and a Fellow of the CIPS.

Preface

Acknowledgements

Part 1 Procurement Objectives and Development

1. Procurement scope and development

2. Strategic procurement and supply chain management

3. Public sector procurement

Part 2 Key Procurement Issues

4. Outsourcing

5. Quality management

6. Inventory management

7. Lead time and time compression

8. Sourcing strategies and relationships

9. Price and total cost of ownership (TCO)

10. Negotiations

Part 3 Applications

11. Project procurement

12. Procurement of commodities

13. International sourcing, global sourcing and onshoring

14. Capital procurement

15. Retail procurement

16. Services procurement

17. Corporate social responsibility and sustainability

Part 4 Industry 4.0: E-Procurement Systems and Contract Management

18. Industry 4.0: e-procurement, digitalisation and analytics

19. Contract law

20. Contract management

Index

Publisher's acknowledgements

Peter Baily was Senior Lecturer at the Polytechnic of Wales (presently University of South Wales) and chief examiner for Chartered Institute of Procurement and Supply (CIPS). He was a board member on the Business Education Council.

David Farmer was Professor of Management Studies at Henley Management College.

Barry Crocker is a former Senior Lecturer at Salford University. He has worked with a range of companies as Distribution Manager encompassing procurement, warehousing, logistics and supply chain management. He is also a former assistant examiner for CIPS.

David Jessop is Emeritus Professor of Supply Management at University of South Wales. He is a Fellow of the CIPS, and served this body as chief examiner and accreditation advisor. He is also a Fellow of the Chartered Institute of Logistics and Transport.

• Overview of purchasing and procurement: 

The text covers the continuous changes in the field of purchasing and supply, as well as provides a comprehensive review of the future of procurement.

• Relevant case studies and research boxes 

explore the topics introduced in the chapter in detail and enable students to put the information into context.

• Real-world practical examples: Topical references and recent global examples of best practice in many key areas of purchasing and procurement help students to understand the latest ideas and philosophies.

• Practical approach: 

The title provides the reader with a reflection of mainstream best practice alongside insight into future strategies and approaches being considered globally.

• Self-assessment: 

The inclusion of three self-assessment tasks at the end of each chapter to evaluate students' understanding.

• Instructor's resources: 

An instructor's manual with case studies, research boxes and teaching notes, along with a set of PowerPoint slides are available to lecturers to support your teaching.

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