Procurement and Supply Management Process

Author: (USA) Raedel (Raedel/A.R.) / Xu Jie / Ju Songdong
Publisher:
Publish Date: 2005-01-01
Features: The American Purchasing Supply Professional Association (PSPA) was established in 1915 and has since become the largest and most reputable supply management association globally, dedicated to training in the procurement field and providing the latest trends in the industry. As a leading professional association and pioneer in professional development, research, and education, ISM issues the Professional Purchasing Manager Certification, which is globally recognized as the highest honor in the field of purchasing and supply management. Currently, effective purchasing and supply management is considered one of the key areas supporting organizational success. Mastering the fundamental skills of procurement process management is crucial for the effective operation of an organization and a critical step toward achieving success. This book covers the following key aspects:
- The critical elements of the procurement application process, including the importance of specifications or job descriptions during the application process.
- The main types of cost analysis tools, including total cost of ownership (TCO) and its applications.
- The best methods for identifying and evaluating potential suppliers, including establishing improved supplier performance evaluation systems and contract management systems.
- Important legal issues faced by purchasers and basic contract terminology.
- Future trends in purchasing.
As a vital component of supply chain management, the effectiveness of purchasing and supply has a significant impact on organizations. In the process of integrating various available resources within the supply chain, purchasing and supply are increasingly attracting attention as a new source of profit and have become a strategic direction for enterprises. Improvements in the purchasing and supply process can not only reduce costs and enhance market competitiveness but also play a leverage role in achieving synchronization and integrated management of activities within the supply chain, ensuring that enterprises remain at the forefront in a fast-changing market. Learning and understanding the theories and methods of supply management in the supply chain are of great reference value for Chinese managers and scholars and have attracted significant attention from numerous professionals and researchers.
The book Procurement and Supply Management Process systematically and comprehensively introduces the application process, resource development process, bidding process, and supplier evaluation process in the procurement and supply management process. It also covers cost and contract management, as well as strategies and techniques in the procurement and supply process, while highlighting some of the major challenges faced by purchasers. The book effectively integrates the concepts, practical operations, and theories involved, combining operational and theoretical rigor with general applicability and forward-thinking perspectives. It is suitable as a textbook and reference material for a wide range of supply management professionals and researchers.