This standard South African text has been revised to incorporate current management issues and offer contemporary perspectives in the field.

This standard South African text has been revised to incorporate current management issues and offer contemporary perspectives in the field. The edition of this title retains its pragmatic element, while the theory has been made more accessible through the outcomes-based approach. It covers the basic principles of purchasing and supply management, the activities incumbent on a purchasing and supply manager, as well as resources and areas of application. It addresses the transition from basic purchasing and supply management to the more integrated system of supply chain management. Several contemporary notions, such as the supply chain management approach, strategic sourcing, electronic information systems, supply contract management, supplier relationship management, risk management and the purchasing of services are included. Ethical aspects and purchasing from small and disadvantaged businesses receive more emphasis in this edition. This new and updated edition of a trusted and reliable text offers stimulating new insights. Readers who are familiar with the previous editions will find the new one both exciting and rewarding.

• Purchasing management - an overview: The purchasing function in perspective. The task of purchasing and supply management. Purchasing and new management approaches. Managing the supply base: Strategic sourcing. Selection and performance evaluation of suppliers. Supply policies and strategies. Supplier relationship management. Ethical aspects, corporate governance and social responsibility in purchasing and supply management. Purchasing and supply - key performance areas: The management of quality in purchasing and supply. Purchasing price determination and cost analysis. Inventory management. Materials flow activities. Risk management in purchasing and supply. Instruments in managing purchasing and supply: Negotiation in purchasing and supply management. Research in purchasing and supply management. Electronic information and communication systems in purchasing and supply. Managing purchasing and supply contracts. Areas of application in purchasing and supply: International and global purchasing and supply. Purchasing capital equipment. Purchasing from small businesses. Purchasing of services.