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"The twelfth edition has been substantially updated with many additions in the form of more detailed case studies, additional academic content and the inclusion of more practical examples of best practice in many key areas. Some of them are: the inclusion of three self-assessment tasks at the end of each chapter; a comprehensive review of the future of procurement; material explaining the long-term changes in strategy in response to supply disruptions caused by disasters and by the Covid pandemic inserted into various chapters; a revised chapter considering Industry 4.0 tools such as e-procurement, Blockchain, the Internet of Things, Big Data, artificial intelligence (AI), bots, digitalisation and analytics; diversity and supplier diversity considered in detail; the inclusion of supply chain resilience approaches; considerable coverage of sustainability provided across relevant chapters; the inclusion of social value strategies and approaches; the inclusion of virtual negotiation approaches in response to the growing trend of working from home; in the wake of the Covid pandemic, updated additional material exploring offshoring/onshoring; third sector/not-for-profit procurement considered; additional material for coverage of risk; consideration of just-in-case inventory as a method of improving resilience; the inclusion of the procurement of consultancy; the inclusion of a Contract Management Cycle; retail procurement completely revised to include omnichannel challenges and digital tools; supplier relationship management (SRM) expanded to include two-way, 360-degree relationship measurement; the addition of quality function deployment (QFD) and the House of Quality (HOQ); ratio analysis for analysing financial viability of suppliers now included"--
WINNER: 2021 Plume d'Or - Grand Prix ACA-Bruel Award. A Practical Guide to E-Auctions for Procurement provides guidance to procurement professionals on how to realize the potential of e-auctions. Now is the time to optimize your e-negotiation strategy using key insights from the author Jacob Gorm Larsen, who is responsible for one of the most successful and award-winning e-sourcing programs in the world. A Practical Guide to E-Auctions for Procurement presents a proven process for developing an e-auction and e-negotiation strategy, along with a catalogue of change management initiatives for securing buy-in internally in the organization. The different e-auction formats and benefits are explained in detail and demonstrated with practical examples, templates and advice that can be adopted by the reader. Jacob and the team at Maersk are at the forefront when it comes to developing robots that execute e-auctions from end-to-end and are kicking off a transformation that will fundamentally change how we consider e-auctions and negotiations. In addition, with learnings from more than 10,000 e-auctions globally, this is the book for those in procurement looking to implement, deliver and maintain a thriving e-auction program.
The Procurement and Supply Manager's Desk Reference "Finally, a cohesive volume written for the worldwide profession of purchasing and supply chain management." —James D. Reeds, CPM, CFPIM, CIRM, CPCM, President, Institute for Supply Management-Silicon Valley "Great resource. This work is educational, informative, and certainly, most practical." —Peter Sterlacci, Director, Professional Development, San Jose State University "Complete with useful information-the authors are extraordinary experts in the field of supply chain management." —Michael Geraghty, MBA, President, Geraghty International, and author of Anybody Can Negotiate—Even You! Destined to become every supply manager's essential desktop tool with in-depth, authoritative coverage of each topic Leaving no stone unturned in covering all aspects of the purchasing and sourcing function, The Procurement and Supply Manager's Desk Reference is filled with everything every supply manager needs to know about the key roles and responsibilities of a procurement manager. Filled with practical aids such as checklists and customizable forms, this essential book provides an easy-to-use road map for the supply manager in the new millennium. With an eye toward incorporating proactive strategies and best practices, The Procurement and Supply Manager's Desk Reference offers detailed coverage and tips on: Procurement and Best Business Practices Sourcing Management How to select suppliers and measure performance The best way to leverage computer systems Providing value to the organization Identifying those strategies that will work best for your business for years to come
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This key text for the building team is an authoritative guide and gives a detailed account of the team's roles and responsibilities, with best industry practice required to ensure that building projects meet clients' expectations on time, cost and quality. The second edition of The Aqua Group Guide to Procurement, Tendering and Contract Administration has been edited, enlarged and updated by a high-profile author team with unparalleled experience of both private and public sectors, as well as of teaching on QS courses. It covers the entire building process from inception to final account and throughout, the emphasis is on current best practice. This edition has new material on the CDM regulations; JCT contracts; the RIBA Plan of Work; the RICS New Rules of Measurement; BIM; and Sustainability - as well as a general update for industry changes, especially on procurement; internationalisation; and PFI. With clear and thorough explanations, you are taken through self-contained chapters covering the detail of the briefing stage, procurement methods, tendering procedures, and contract administration. The period from starting a college course to successful completion of professional examinations represents a long and steep learning curve. The range of skills and the knowledge required to perform work efficiently and effectively might, at first, seem rather daunting. Although designed as an introductory textbook for undergraduates in construction, architecture and quantity surveying, The Aqua Group Guide offers an excellent overview of contract administration and will provide you with sufficient understanding to hold you in good stead for your early years in professional practice.
This Handbook provides the knowledge needed to design and deploy proactive construction project procurement and delivery systems based on essentials while addressing emerging construction industry imperatives in order to boost overall performance. Section 1 of the Handbook provides an overview, while Section 2 provides the fundamentals with fresh insights into the building blocks and trends in performance-linked procurement and delivery, including procurement strategies and commercial priorities, project briefs and management plans, design management, stakeholder management, risk management, ethics and professionalism, team building, information and knowledge management, digital aids, conflict, claims and dispute management, collaborative contracting, relationship-based teamworking and linking to built asset management. Section 3 explores and expands on specific trends, including sub-contractor selection, Building Information Modelling (BIM) in project cost management; off-site and modern methods of construction; 4IR/5IR technologies; and constructing for the circular economy, supply chain resilience and social value imperatives in this domain. While other books describe standard processes or focus on specific strategies such as design and build, target cost contracting or integrated project delivery, this Handbook presents the fundamentals of such processes and protocols together with invited specialist insights into growing trends and imperatives in holistic procurement and delivery. Those who could benefit from this Handbook include academics, researchers, postgraduate students, policy makers and administrators, managers in both public and private sectors involved with planning and overseeing construction project procurement and/or delivery and undergraduates looking for a balanced introduction and useful insights into what is critical to the success of construction projects, organisations and the industry itself.
“For the first time, the basic steps and skill set required for successful project management is specifically adapted to the procurement process. Procurement Project Management Success is a practical guide that will help purchasing professionals manage their procurements in a cost-effective, systematic, and timely manner.” —Sherry R. Gordon, President, Value Chain Group LLC Based on the author’s real world experience during the course of her career in supply management, engineering, and as a project management professional, this unique guide demonstrates a practical and proven approach to using project management strategies, tools, and techniques to consistently create successful procurement practices that go beyond mere cost savings. Procurement Project Management Success integrates supply management best practices and processes with those applicable from the field of project management. It explains how to initiate, plan, manage, and complete both simple and complex procurement projects successfully. Through the use of scheduling, communication plans, risk management and other project management processes, these procurements satisfy stakeholders by setting expectations, continuously communicating status, and getting the best value for the dollar. This book shows project managers all the steps and processes used in procurement, and details for procurement professionals how adding and applying a few project management processes and techniques to their skill set can substantially improve both their company’s results and their career opportunities.
This book shows how digital transformation has the power to revolutionize the way procurement operates, and discusses how especially buyer decisions are empowered through artificial intelligence. Depending on a company’s strategy all desired outcomes are possible, including doubling savings, innovation, sustainability, quality, speed, and halve the risk. Jumpstart to Digital Procurement is a hands-on guide on how companies can grasp the opportunities offered by digital transformation.