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

Published by Pearson (November 11, 2021) © 2022
  • Peter Baily
  • David Farmer
  • Barry Crocker
  • David Jessop

Title overview

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.

Enables real-life understanding of concepts 

• 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.

Puts theory into practice

• 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.

User-friendly structure

• Consistent framework: 
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.
  • UPDATED! 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.
  • NEW! Additional material exploring social value strategies and approaches, contract management, procurement of consultancy and supply chain resilience approaches.
  • NEW! 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.
  • UPDATED! Inclusion of virtual negotiation approaches in response to the growing trend of working from home.
  • NEW! A comprehensive review of the future of procurement and supply chain.
  • UPDATED! Additional material exploring off-shoring/on-shoring and a move from Lean to Agile approaches in the wake of the Covid-19 pandemic.
  • UPDATED! Post-Brexit implications on public sector procurement.

Table of contents

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

Author bios

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.
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