How can organizations ensure that they can get best value for money
in their procurement decisions? How can they stimulate innovations
from their dedicated suppliers? With contributions from leading
academics and professionals, this handbook offers expert guidance
on the fundamental aspects of successful procurement design and
management in firms, public administrations, and international
institutions. The issues addressed include the management of
dynamic procurement; the handling of procurement risk; the
architecture of purchasing systems; the structure of incentives in
procurement contracts; methods to increase suppliers' participation
in procurement contests and e-procurement platforms; how to
minimize the risk of collusion and of corruption; pricing and
reputation mechanisms in e-procurement platforms; and how
procurement can enhance innovation. Inspired by frontier research,
it provides practical recommendations to managers, engineers and
lawyers engaged in private and public procurement design. It will
also be a key reference for MBA courses related to procurement
design and supply chain management.
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