Procurement and Supply Chain Management

Author: Huo Hong / Hua Rui (editors)
Publisher:
Publish Date: 2005-01-01
Features: Procurement management is an important component of enterprise management. Globally, for a typical enterprise, procurement costs generally account for 60%. In China's industrial enterprises, the procurement costs of various materials can constitute 70% of the sales cost. Therefore, strengthening procurement management plays a significant role in improving the level of enterprise management and reducing product costs. Especially in the contemporary era, the emergence of supply chain and supply chain management as disciplines has further sparked interest in the study of procurement management within the context of supply chain management. The essence of supply chain management involves both "supply" and "demand" aspects, with logistics starting from the supplier and moving along each link toward the demander. Each link has a corresponding relationship between the "demander" and "supplier," forming a closed-loop supply chain. In reality, the supply chain acts as a bond tightly connecting enterprises and suppliers, creating a win-win system. Clearly, procurement is an inevitable activity that occurs between upstream and downstream enterprises. Strengthening procurement management and reducing the costs of nodes on the supply chain are crucial for lowering the overall total cost of supply chain management. Therefore, supply chain management is fundamentally linked to procurement, leveraging procurement to realize corporate value and create value for the supply chain system. This book is suitable for researchers and practitioners engaged in procurement management and supply chain management, as well as serving as a textbook and reference material for postgraduate, undergraduate, and vocational students in relevant fields at universities and colleges.