The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to
instructional design and the prior revision cycle and updates to academic research-which typically results in a revision
cycle ranging from every two to four years for this product.
The focus on decision making in the supply chain has been strengthened considerably.
The chapter sequence has been adjusted accordingly to reflect the chronological order of the acquisition process.
Criteria for supply decisions have been identified in three categories: (1) strategic, (2) operational, and (3) additional. It is the third category with balance sheet and income statement considerations, all dimensions of risk, environmental and social considerations that is growing in relevance, making sound supply decisions an even more complex challenge.
The strategic perspective on supply is the unifying theme throughout the text, reflecting the growing interest in the supply side of organizations as a clear way to achieve a competitive edge.
Unlike Supply Chain Strategy books, this text includes coverage of purchasing issues which will face operating managers, such as legal and contractual considerations, pricing and investment decisions, capital goods purchasing, and public sector issues.
Real-world examples from the authors consulting and ISM experience are built into the text, guiding the coverage to better prepare students for application of concepts post graduation. The text is also a highly consulted resource and reference for practitioners in the field.
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