• THE CONCEPT OF TEAMING IS EMPHASIZED THROUGHOUT THIS BOOK. Because cross-functional teams and collaboration are so critical in business today, many of this edition's case exercises require a team effort. This cross-functional influence helps students fully understand the impact of purchasing on businesses' major functional activities.
• CONTENT REFLECTS THE AUTHORS' EXTENSIVE FIRST-HAND EXPERIENCES AND INSIGHTS FROM EXECUTIVES AND PRACTITIONERS WORLDWIDE. The timely, comprehensive coverage throughout this leading-edge text is a culmination of the authors' ongoing discussions with purchasing and supply chain leaders and managers from various industries around the world.
• HANDS-ON, APPLIED APPROACH ENSURES LEARNING SUCCESS. The text's engaging approach and integrated learning features, cases and memorable examples have been thoroughly tested with student audiences to ensure that learners remain interested and actively involved in the learning process. Real examples demonstrate how supply managers deal with complex sourcing issues in the midst of rapidly changing expectations and technologies in order to become key strategic contributors in their organizations.
• STRONG MANAGERIAL PERSPECTIVE PREPARES STUDENTS TO MANAGE THE PURCHASING FUNCTION EFFECTIVELY. The text's hallmark -- a solid managerial perspective throughout the book -- enables students to examine the core tasks and challenges required to effectively lead the purchasing function in the context of today's integrated supply chain.
• THIS EDITION FUNCTIONS AS AN ONGOING, VALUABLE REFERENCE TOOL. In addition to serving as a comprehensive learning tool during class, this leading strategy and purchasing book also functions as a professional reference and resource for students after the course has ended.
• THIS EDITION OFFERS AN INCREASED FOCUS ON THE DIGITIZATION OF SUPPLY MANAGEMENT. The authors examine and interweave discussions of digitization throughout this edition, when relevant. Students examine the impact of artificial intelligence (AI), robotic process automation (RPA) and cognitive systems in the transformation of supply chain management today.
• NEW INSIGHTS REVIEW EMERGING TECHNOLOGY IN REAL-TIME SUPPLY CHAIN CONTROL TOWERS. The latest content in Chapter 16 discusses how supply chain control towers are moving beyond simply supplying real-time inventory visibility to using artificial intelligence (AI) and other advancements to enhance collaboration and better serve the end-consumer.
• NEW DISCUSSION EXAMINES SUPPLY CHAIN FRAUD MANAGEMENT AND MITIGATION TODAY. New coverage within Chapter 9 focuses on the increasingly widespread risks of supply chain fraud throughout global organizations today and details how business can protect themselves.
• NEW CONTENT LOOKS AHEAD TO FUTURE TRENDS IN SUPPLY CHAIN MANAGEMENT. To prepare students for advancements ahead, this edition highlights five-year forecasts drawn from learning practitioners and leading companies.

Part 1: INTRODUCTION.

1. Introduction to Purchasing and Supply Chain Management.

Part 2: PURCHASING OPERATIONS AND STRUCTURE.

2. The Purchasing Process.

3. Purchasing Policies and Procedures.

4. Supply Management Integration for Competitive Advantage.

5. Purchasing and Supply Management Organization.

Part 3: STRATEGIC SOURCING.

6. Supply Management and Commodity Strategy Development.

7. Supplier Evaluation and Selection.

8. Supplier Quality Management.

9. Supplier Management and Development: Creating a World-Class Supply Base.

10. Worldwide Sourcing.

Part 4: STRATEGIC SOURCING PROCESS.

11. Strategic Cost Management.

12. Purchasing and Supply Chain Analysis: Tools and Techniques.

13. Negotiation and Conflict Management.

14. Contract Management.

15. Purchasing Law and Ethics.

Part 5: CRITICAL SUPPLY CHAIN ELEMENTS.

16. Lean Supply Chain Management.

17. Purchasing Services.

18. Supply Chain Information Systems and Electronic Sourcing.

19. Performance Measurement and Evaluation.

Part 6: FUTURE DIRECTIONS.

20. Purchasing and Supply Strategy Trends.

Robert M. Monczka

Robert M. Monczka, Ph.D., is Professor Emeritus of Supply Chain Management at the Eli Broad Graduate School of Management, Michigan State University. He is also former Distinguished Research Professor of Supply Chain Management in the W.P. Carey School of Business at Arizona State University. He has served as Director of Strategic Sourcing and Supply Chain Strategy Research at CAPS Research, where he led initiatives focused on sourcing and supply strategy innovation, development and implementation. A frequent speaker at professional meetings, Dr. Monczka has published more than 200 books and articles. He has consulted worldwide with leading companies in the Fortune 100 and has received two National Science Foundation grants to study supply strategy. He has also been awarded the J. Shipman Gold Medal Award from ISM and the Lifetime Achievement Award from Procurement Leaders (London)..

Robert B. Handfield

Robert B. Handfield, Ph.D., is Bank of America University Distinguished Professor of Supply Chain Management in the College of Management at North Carolina State University. He also is co-director of the Supply Chain Resource Cooperative. Dr. Handfield serves as Consulting Editor of the Journal of Operations Management and is on the editorial board of several leading academic journals. His research focuses on strategic sourcing, supply market intelligence, supplier relationship management and sourcing overseas. He has served in consulting and executive education roles for more than 20 Fortune 500 companies, including UPS, Biogen, Toshiba, Caterpillar and John Deere.

Larry C. Giunipero

Larry C. Giunipero, Ph.D., C.P.S.M., C.P.M., is Professor of Purchasing and Supply Chain Management at Florida State University. He has published more than 65 articles in various academic journals. His research interests focus on supply management, including supply chain sourcing strategies and relationships, supply management skills and competencies, risk management, global sourcing and e-purchasing. Dr. Giunipero has served as a consultant and/or executive trainer to more than 30 Fortune 1000 organizations both domestically and globally. His teaching awards include the University Transformational Teaching Award and Graduate Teaching Award. He earned his Ph.D. at Michigan State University.

James L. Patterson

James L. Patterson, Ph.D., C.P.M., A.P.P., is Professor of Supply Chain Management (SCM) for the School of Management and Marketing in the College of Business & Technology (CBT). A Michigan State University Ph.D. alumnus in SCM, he holds lifetime Certified Purchasing Manager and Accredited Purchasing Practitioner credentials from the Institute for Supply Management. He served as President of the Quad-City Foreign Trade Zone #133 and was honored twice as CBT’s Outstanding Teacher of the Year. He has also been listed four times in WHO’S WHO AMONG AMERICA’S TEACHERS. He also received WIU’s Administrative Distinguished Service Award while CBT's Assistant Dean. He is a long-standing reviewer for the Journal of Supply Chain Management and Editor Emeritus for the Journal of Contemporary Business Issues. His research interests include supply chain fraud, supply chain risk, negotiation and conflict resolution and strategic sourcing.