Free PDF Leading Procurement Strategy: Driving Value Through the Supply Chain, by Carlos Mena, Remko van Hoek, Martin Christopher
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Leading Procurement Strategy: Driving Value Through the Supply Chain, by Carlos Mena, Remko van Hoek, Martin Christopher
Free PDF Leading Procurement Strategy: Driving Value Through the Supply Chain, by Carlos Mena, Remko van Hoek, Martin Christopher
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Leading Procurement Strategy shows how to unleash full business value through procurement. The book provides a broad perspective of different industries, underpinning academic theory and short case studies to help readers clearly understand the competitive advantage and impact of procurement. The authors tackle key issues that procurement practitioners encounter and offer the tools for managing procurement and supply. Their indispensable advice makes it easier to manage and mitigate risks in a supply chain and to appreciate the major issues affecting the procurement function.
- Sales Rank: #1320429 in Books
- Published on: 2014-09-28
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .75" w x 6.00" l, 2.20 pounds
- Binding: Paperback
- 248 pages
Review
"Today, procurement is a function, not just a service, so procurement strategy is more importan than ever.��This is a helpful overview for procurement students and friends of the profession." (Eva Wimmers SVP Procurement, Deutsche Telecom AG)
"Attracting young Asia talent to see procurement as a career of choice just got easier." (Jan Piskadlo AIG Regional Head, Asia Pacific)
"[A]n ambitious list of trending procurement and supply chain subjects...This large group of contributors makes it possible for the book to cover a wide range of information in depth without losing momentum or focus." (Kelly Barner Buyers Meeting Point)
About the Author
Martin Christopher has worked in logistics education and research for 40 years and previously headed the department of Demand Chain Management at Cranfield University.
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Carlos Mena is Director of the Center for Strategic Procurement and Supply Management at Cranfield School of Management and head of the Executive Procurement Network (EPN). He has collaborated on supply chain related research projects with organizations such as ASDA (Wal-Mart), British Airways, Coca-Cola, Ford, Tesco and P&G.
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Remko van Hoek is Global Procurement Director at PwC and is Visiting Professor at Cranfield School of Management. He also serves on the Board of Directors of the Council for Supply Chain Management Professionals in the US and the Advisory Board of the Procurement Leaders Network.
Most helpful customer reviews
0 of 0 people found the following review helpful.
An ambitious list of procurement and supply chain subjects covered in equal breadth and depth
By Kelly McCarthy Barner
“Procurement’s role shines particularly when strategic cost management receives the highest priority for many executives.” (p. 197)
Leading Procurement Strategy (Kogan Page, 2014) is a group study of the ‘brave new world’ of procurement. The three primary authors, Carlos Mena, Remko van Hoek, and Martin Christopher (and three guest authors), address an ambitious list of trending procurement and supply chain subjects. Rather than causing problems with voice or style continuity, this large group of contributors makes it possible for the book to cover a wide range of information in depth without losing momentum or focus.
Although the authors have decades of experience in procurement, they are not mired the ways of the past. In fact, they discuss many of the new approaches being considered by procurement (e.g. agility, supplier collaboration, non-savings performance metrics). They also acknowledge the objections procurement is likely to face in response to attempts at evolution and provide methods to constructively overcome them.
According to Martin Christopher, who wrote the chapter on Global Sourcing, procurement can expect an increased emphasis on agility. This translates into a shift in how supplier relationships are built and how contract management strategies are executed. In fact, agility may provide an escape route from the savings trap that confine many procurement organizations. When operational agility is prioritized over cost savings, supplier selection and agreement terms must change. “The guiding principle should be that the best sourcing decisions are those that keep the most options open. There will usually be a price to be paid for these options but that price should be seen as an investment in supply chain flexibility.” (p. 90) In other words, if the entire organization can see (and quantify) the opportunity associated with agility, they will not only request for procurement to change their priorities, they will demand it.
Helping other functions focus on total cost rather than price elevates the perspective of the entire organization and brings the internal implications of supply decisions into greater focus. For instance, procurement may want to start initiatives by demonstrating the relative costs associated with non-flexibility or lost opportunities in research and development or new product introduction. “Strategic cost management should be part of new produce and service design, so that the most cost effective highest-value products and services are introduced in the marketplace.” (p. 104)
If procurement expects to expand the perspective of their internal stakeholders, they must be willing to do the same themselves. More procurement activities should be tied to consumer and market demand. Just as wanting to collaborate with a supplier is not enough to make the effort a success, wanting to bring procurement into closer contact with the consumer side of the business will not make it so. The organization must be open to the idea and positioned to benefit from the resulting changes.
In my opinion, the best quote from the book is a definition of complexity, found in the chapter on Supply Chain Risk Management:
“‘Complexity’ describes a condition of inter-connectedness and interdependencies across a network where a change in one element can have an effect on other elements – often in unforeseen ways.” (p. 134)
The role of complexity, and procurement’s ability to make positive contributions to how the organization handles it, will be a primary driver of how much access procurement will be given to customers and whether or not it therefore makes sense to take a less cost reduction focused approach.
0 of 0 people found the following review helpful.
Very good Resource on Procurement
By IOSIF KOEN
The book clearly explains a solid strategy and key topics of procurement in organisations, such as handling the procurement impact on the bottom line, the buying teams, the buying cycle, supplier relationship management (SRM), making global sourcing decision, managing global sourcing network, purchasing cost management, understanding customer value, supply chain risk management, e-procurement systems, and the tools for managing purchasing and supply. Additionally, the distinguished authors provide case studies to help the professionals understand the competitive advantage of procurement. Doubtless, a good understanding of the factors that affect buying behaviour and the suppliers' sales approach would help the procurement practitioners to be more successful!
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