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For too long, business has focused on short-term cost advantages
through low-cost country sourcing with little regard for the
longer-term implications of global sustainability. Purchasing and
Supply Chain Management, Second Edition, not only fully addresses
the environmental, social and economic challenges of how companies
manage purchasing and supply chains, but also delves deeper into
emerging areas such as modern slavery, digital technologies and
circular supply chains. In addition to explaining the basic
principles and processes of both purchasing and supply chain
management, the book evaluates how to develop strategic and
sustainable purchasing and supply chain management. Our key message
is that purchasing and supply chain management needs to focus on
value creation rather than cost cutting. This requires the
development of new purchasing and supply chain models that involve
circular supply structures, supply chain transparency and
collaboration with new stakeholders in traditional sourcing and
supply chain settings. Aimed at students, educators and
practitioners the book integrates sustainability into each chapter
as a core element of purchasing and supply chain management. This
second edition incorporates new examples and case studies from
industry throughout, striking a balance between theoretical
frameworks and guidelines for implementation in practice.
For too long, business has focused on short-term cost advantages
through low-cost country sourcing with little regard for the
longer-term implications of global sustainability. Purchasing and
Supply Chain Management, Second Edition, not only fully addresses
the environmental, social and economic challenges of how companies
manage purchasing and supply chains, but also delves deeper into
emerging areas such as modern slavery, digital technologies and
circular supply chains. In addition to explaining the basic
principles and processes of both purchasing and supply chain
management, the book evaluates how to develop strategic and
sustainable purchasing and supply chain management. Our key message
is that purchasing and supply chain management needs to focus on
value creation rather than cost cutting. This requires the
development of new purchasing and supply chain models that involve
circular supply structures, supply chain transparency and
collaboration with new stakeholders in traditional sourcing and
supply chain settings. Aimed at students, educators and
practitioners the book integrates sustainability into each chapter
as a core element of purchasing and supply chain management. This
second edition incorporates new examples and case studies from
industry throughout, striking a balance between theoretical
frameworks and guidelines for implementation in practice.
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