Gain a comprehensive insight into the ideas and approaches to purchasing and procurement Now in its 12th edition, Procurement Principles and Management in the Digital Age by Baily, Farmer, Crocker and Jessop has been essential reading for practitioners and students of purchasing, procurement and supply chain management for nearly 50 years. The text has been updated to cover the continuous developments taking place in this field, and carefully balances emerging philosophies with proven and established thinking and practice in the profession. This new edition covers various existing and future concerns in procurement and supply chain such as digitalisation, sustainability and resilience. This ever-popular title offers: * relevant case studies and research boxes that explore the topics introduced in the chapter in detail * latest global examples of best practice in many key areas of purchasing and procurement * expanded treatment of key topics, including supplier diversity, supplier relationship management, sustainability, retail procurement and category management * additional material on Industry 4.0 elements such as e-procurement, Blockchain, the Internet of Things, Big Data, robotics, artificial intelligence (AI), chatbots and analytics * post-Brexit implications on public sector procurement * long-term impact of the Covid-19 pandemic on procurement and supply chain * increased focus on social value strategies and approaches, contract management, procurement of consultancy and supply chain resilience approaches. About the authors: Peter Baily was Senior Lecturer at the Polytechnic of Wales and chief examiner for Chartered Institute of Procurement and Supply (CIPS). David Farmer was Professor of Management Studies at Henley Management College. Barry Crocker is former Senior Lecturer at Salford University and former assistant examiner for CIPS. David Jessop is Emeritus Professor at University of South Wales and a Fellow of the CIPS. Pearson, the world's learning company

This text provides a general introduction to purchasing and supply - a key part of industrial/commercial management. It includes chapters on quality assurance, buying abroad, construction contracts, supplying merchandise for resale, supplying the public sector, and cost reduction in purchasing and supply.