Procurement Principles and Management in the Digital Age, 12th edition

Gain a comprehensive insight into purchasing and procurement

Procurement Principles and Management in the Digital Age, 12th edition, by Baily, Farmer, Crocker and Jessop covers the developments taking place in purchasing and procurement, carefully balancing emerging philosophies with proven and established thinking and practice in the profession.

Key features

• 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.
• The title provides the reader with a reflection of mainstream best practice alongside insight into future strategies and approaches being considered globally.
• The inclusion of three self-assessment tasks at the end of each chapter to evaluate students' understanding.
• The text is organised into four main parts that covers all aspects of procurement, purchasing and supply chain management.
• End-of-chapter summaries provide a useful means of revising and consolidating learning.
• Further reading at the end of each chapter suggest books, websites and journals to refer to more specialised sources of information.

New to this edition

• Expanded treatment of many key topics, including risk, supplier diversity, supplier relationship management, sustainability, retail procurement, category management and not-for-profit procurement.
• Revised chapter on the elements of Industry 4.0 such as e-procurement, Blockchain, the Internet of Things, Big Data, robotics, artificial intelligence (AI), chatbots, digitalisation and advanced analytics.
• Additional material exploring social value strategies and approaches, contract management, procurement of consultancy and supply chain resilience approaches.
• Long-term effect of Covid-19: Material explaining the long-term changes in strategy in response to supply disruptions caused by the Covid-19 pandemic inserted into various chapters.
• Inclusion of virtual negotiation approaches in response to the growing trend of working from home.
• A comprehensive review of the future of procurement and supply chain.
• Additional material exploring off-shoring/on-shoring and a move from Lean to Agile approaches in the wake of the Covid-19 pandemic.
• Post-Brexit implications on public sector procurement.