This widely used text introduces readers to the principles and procedures of purchasing and materials management. Substantially revised for this Sixth Edition, Purchasing and the Management of Materials includes new chapters on international purchasing and value analysis, and an expanded treatment of computer applications. Also new is a discussion of deregulation as a transportation variable, a fresh look at cost-price analysis, an outline of relevant economic concepts, as well as material on conglomerate organizations, multinational operations, international sourcing, and vice-president sourcing. Six entirely new cases have been added. In addition, topics have been organized to make the book an effective preparation for the Certified Purchasing Managers and American Production and Inventory Control Society exams. However, despite all the changes made to this edition, the coverage of fundamental purchasing and related materials management concerns, which provided the framework of highly successful earlier editions, has been carefully preserved.

For the Students of B.E./B.Tech. and M.Tech. (Production and Industrial Management) also useful for BBA and MBA Courses. The book begins with the concept and objectives of purchasing and moves on to discuss such topics as classification, codification, specifications and standardization of materials, which aid in effective purchasing, in view of their economic importance

The Fourteenth Edition of Purchasing and Supply Management provides a comprehensive introduction to the purchasing and supply chain management field, supported by over 40 case studies. Cases cover purchasing and supply chain issues in a variety of settings, from process industries to high tech manufacturing and services as well as public institutions. The text focuses on decision making throughout the supply chain. Based on the conviction that supply managers, in concert with suppliers and distributors, have to contribute to organizational goals and strategies, this edition continues to focus on how to make that mission a reality.

This text introduces readers to the key principles underlying purchasing and supply chain management. It provides them with an in-depth discussion of purchasing and supply issues both from a strategic and managerial perspective.

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All purchasing activities take place within a context of legal regulation, a context that has been taking on increasing importance in recent years. This book provide a clear and concise account of the underlying legal principles which affect the purchasing function. A new component of the third edition is an additional appendix which contains recent cases involving procurement law issues. These are kept separate from the main body of the book and are not essential for purposes of revising for the Legal Aspects exam. However, they do provide useful examples of how the courts have been interpreting the law in relation to a wide range of procurement activities in the recent past. These include the EU public procurement rules, contract formation, assessment of claimable damages, limitations of liability, the Transfer of Undertakings (Protection of Employment) Regulations, the Freedom of Information Act, and the Late Payment of Commercial Debts (Interest) Act.

Resource added for the Supply Chain Management program 101821.