Gain a comprehensive overview of ideas and approaches related to markets and procurement. In its 12th edition, Procurement Principles and Management in the Digital Age by Baily, Farmer, Crocker, and Jessop has been essential reading for professionals and students in the fields of purchasing, procurement, and supply chain management for nearly 50 years. The text has been updated to cover ongoing developments in this field and carefully balances emerging philosophies and proven practices. This new edition examines various existing and future concerns in procurement and supply chain, such as digitization, sustainability, and resilience.

This popular edition offers:

• Relevant case studies and research boxes that thoroughly examine issues introduced in each chapter.
• The latest global examples of best practices in many critical areas of procurement.
• Extended analysis of key topics, such as supplier diversity, supplier relationship management, sustainability, and category management.
• Additional material on Industry 4.0 elements, such as e-procurement, Blockchain, the Internet of Things, Big Data, robotic processes, artificial intelligence, chatbots, and data analytics.
• Post-Brexit implications on public sector procurement.
• Long-term consequences of the Covid-19 pandemic on procurement and supply chain.
• Increased focus on social value strategies and approaches, contract management, and supply chain resilience approaches.

About the Authors: Peter Baily served as a Senior Lecturer at the Polytechnic of Wales and was Chief Examiner for the Chartered Institute of Procurement and Supply (CIPS). David Farmer was a Professor of Management Studies at Henley Management College. Barry Crocker is a former Senior Lecturer at the University of Salford and a former Assistant Examiner for CIPS. David Jessop is an Emeritus Professor at the University of South Wales and a fellow of CIPS.

Pearson Editions, the global learning company.

Pages: 584, Dimensions: 19x19cm