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Definitive Guide to Supply Management and Procurement, The: Principles and Strategies for Establishing Efficient, Effective, and Sustainable Supply Management Operations, 1st edition

Published by Pearson FT Press (August 7, 2019) © 2019

  • Wendy Tate

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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 selection, 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

The complete guide to planning, implementing, measuring, and optimizing world-class supply chain management and procurement processes

  • Covers planning, designing, controlling, and coordinating all facets of supply management and procurement -- including the unique challenges of global environments
  • Introduces crucial concepts including key linkages to other business functions, vendor selection and management, strategies, tactics, technologies, metrics, and more
  • For all practitioners and students concerned with supply management and procurement or related processes
  • Co-authored by a leading expert alongside the Council of Supply Chain Management Professionals (CSCMP)
Chapter 1: The Essential Concepts of Purchasing and Supply Management    1
Chapter 2: Key Elements and Processes in Managing Supply Operations and How They Interact    29
Chapter 3: Principles and Strategies for Establishing Efficient, Effective, and Sustainable Supply Management Operations    57
Chapter 4: The Critical Role of Technology in Managing Supply Operations and Product Flows    85
Chapter 5: Define the Requirements and Challenges of Sourcing on a Global Basis    103
Chapter 6: Assessing the Internal and External Performance of Supply Management Operations    125
Chapter 7: Conclusions and Trends in Supply Management    143
Index    151
Wendy L. Tate, Ph.D. (Arizona State University, 2006) is an Associate Professor of Supply Chain Management in the University of Tennessee Department of Marketing and Supply Chain Management. She joined the faculty in August of 2006. She teaches both undergraduate and MBA students strategic sourcing and manufacturing and service operations. She has an interest in the cost impacts of business decisions across the supply chain. She is active on the UT campus and serves on many committees. She served for five years as the faculty advisor of the Council of Supply Chain Management Professionals (CSCMP), an active student-run professional organization for supply chain managers. She has published in both academic and practitioner top-rated journals in supply chain management. She enjoys research and takes a special interest in translating academic work into classroom learning activities.
Her research focuses on two primary business problems. The first is in the area of services purchasing, including outsourcing and offshoring. The second is on environmental business practices and trying to understand how these initiatives can be diffused across a supply chain and a supply network. She presents at many different venues including both academic- and practitioner-oriented conferences.
Wendy has two girls, Whitney and Tayler, who are both students at the University of Tennessee in the business college. Wendy enjoys the time she spends with them. She also enjoys gardening (she is currently working on a Landscaping Certification), traveling, hiking, and reading. She frequently attends cultural and sporting events. She also interacts with the literacy program in Knoxville and enjoys teaching students at all levels how to read and especially how to understand written problems so that they can potentially obtain college or technical degrees.

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