Purchasing and the Management of Materials

The Fine Art of Purchasing and Materials Management Today’scompetitive environment calls for unprecedented excellence inpurchasing and materials management. No other text preparesstudents to meet this challenge like the new edition of GaryZenz’s landmark text! Comprehensive and to–the–point, thisinvaluable resource provides complete coverage of the most vitalpurchasing issues. From the effects of global currency fluctuationson purchasing to TQM to ISO 9000 to strategic partnering, it coversall the critical issues today’s managers face. 53 short casesround out topic coverage with hands–on demonstrations of purchasingin action. This outstanding resource uniquely prepares managers inall departments to understand and take advantage of the currentstate of the art: Outstanding international purchasing chapter provides morecurrent and detailed coverage of fluctuating currency values andhow to benefit from these fluctuations. 4 new cases address such critical issues as ethics, evaluatingbuyer performance, installing the materials management concept inan existing organization, and buying from foreign sources. This edition includes the latest information on strategicpartnering, research, sourcing, reverse marketing and partnering,and TQM and ISO 9000. New boxed examples open each chapter to set the scene. Criticalthinking questions follow each chapter to stimulatediscussion. The Seventh Edition also offers unprecedented preparation for acareer in Purchasing. You’ll find: The best available preparation for the Certified PurchasingManager (C.P.M.) exam, with helpful chapter summaries andend–of–text glossary. Detailed information on such practitioner–oriented issues aseconomic forecasting, how to build a library for the purchasingdepartment, and simulation applications for controllinginventories. Integrated use of the computer throughout the text.

Partial table of contents:

The Functions and Contributions of Purchasing and MaterialsManagement.

Purchase Strategy and Forecasting.

Basic Procedures and Purchasing Techniques.

Organizational Considerations and Alternatives.

Sourcing.

Quantity and Inventory Planning and Control.

Managing Quality.

Purchasing in a Global Marketplace.

Purchasing and Materials Management in the Public and NonprofitSectors.

Legal Considerations.

Health–Care Purchasing.

Acquisition and Disposal of Capital Equipment.

Value Analysis.

Transportation and Traffic Management.

Reclamation and Salvage Procedures.

Make–or–Buy Decisions.

Forward Buying, Speculation, and Hedging.

Purchasing with Ethics and Social Responsibility.

Cases.

Appendices.

Selected Bibliography.

Glossary.

Index.