Strong supply management and procurement processes can provide organizations with a sustainable competitive advantage through lower costs, higher quality, and better service for both internal and external customers. Now, there's an authoritative and comprehensive guide to best-practice supply management and procurement processes and operations for any organization. Co-authored by a leading expert alongside the Council of Supply Chain Management Professionals (CSCMP), this reference focuses on the key principles, strategies, and decisions required to implement and optimize all procurement processes and operations. Coverage includes:

Basic supply management concepts, purposes, and goals linkages between procurement and other business functions day-to-day transactional and long-term strategic activities direct and indirect spend buying methods, and more

Key elements, processes, and interactions, including category analysis, supplier screening and ion, contract negotiation and management, supplier relationship management, and supplier performance evaluation

Principles/strategies for establishing efficient, effective, and sustainable operations: sourcing strategy, teams, supplier rationalization and optimization, global sourcing, outsourcing, law, codes of conduct, and sustainability

The key roles and value of technology, including software for spend analysis, competitive bidding, eProcurement, eSourcing, auctions/reverse auctions, contract compliance, performance management, and emerging innovations

Requirements and challenges of global sourcing, including insource vs. outsource decisions TCO analysis risk management and mitigation negotiations, and supplier contract compliance in global environments

Best practices for assessing performance using standard metrics and frameworks, including KPIs, tradeoff analysis, scorecarding, dashboards, and exception management"