Purchasing and the Management of Materials

Concise, yet comprehensive, this is an invaluable resource when preparing for the certified purchasing manager (CPM) exam. Providing 1992 data on public purchasing figures and salaries, this book prepares readers for purchasing in the 90's. 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. Gary J. Zenz is professor of Business at Florida State University. He received the B.A., M.A. and Ph.D. degrees from the University of Wisconsin and has had purchasing experience with West Bend Co. and Modine Manufacturing Co. He is co-author of Purchasing Management: Materials in Motion, third edition, 1969 (John Wiley & Sons), and has had several articles in the Journal of Purchasing and Materials Management. The Fine Art of Purchasing and Materials Management Today’s competitive environment calls for unprecedented excellence in purchasing and materials management. No other text prepares students to meet this challenge like the new edition of Gary Zenz’s landmark text! Comprehensive and to-the-point, this invaluable resource provides complete coverage of the most vital purchasing issues. From the effects of global currency fluctuations on purchasing to TQM to ISO 9000 to strategic partnering, it covers all the critical issues today’s managers face. 53 short cases round out topic coverage with hands-on demonstrations of purchasing in action. This outstanding resource uniquely prepares managers in all departments to understand and take advantage of the current state of the art:

• Outstanding international purchasing chapter provides more current and detailed coverage of fluctuating currency values and how to benefit from these fluctuations.
• 4 new cases address such critical issues as ethics, evaluating buyer performance, installing the materials management concept in an existing organization, and buying from foreign sources.
• This edition includes the latest information on strategic partnering, research, sourcing, reverse marketing and partnering, and TQM and ISO 9000.
• New boxed examples open each chapter to set the scene. Critical thinking questions follow each chapter to stimulate discussion.

The Seventh Edition also offers unprecedented preparation for a career in Purchasing. You’ll find:

• The best available preparation for the Certified Purchasing Manager (C.P.M.) exam, with helpful chapter summaries and end-of-text glossary.
• Detailed information on such practitioner-oriented issues as economic forecasting, how to build a library for the purchasing department, and simulation applications for controlling inventories.
• Integrated use of the computer throughout the text.