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Supply Management and Procurement: From the Basics to Best-in-Class

PM WORLD BOOK REVIEW 

supply-management-and-procurementBook Title:  Supply Management and Procurement: From the Basics to Best-in-Class

Author:  Robert W. Turner

Publisher:  J. Ross Publishing

List Price:   $59.95 USD      Format:  hard cover; 272 pages

Publication Date:   2011     ISBN: 9781604270631

Reviewer:      Julie Talarico

Review Date:              May 2013
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Introduction to the Book

Supply Management and Procurement: From the Basics to Best-in-Class provides readers a comprehensive overview of strategic supply management and procurement.  By initially differentiating basic procurement practices from a strategic approach which contributes to an organization’s bottom line, the author makes the case for supply chain professionals to gain a competitive advantage and increase their individual value proposition to their company.

Overview of Book’s Structure

Various tools and techniques are outlined to provide the roadmap to move from basic procurement practice to strategic supply management.  Numerous examples and case studies are used to further illustrate concepts

Comprehensive information on the following topics is explored:

  • Supply chain identification, planning, designing and mapping
  • Value chain management, design and planning
  • Benchmarking
  • Strategic supply management and procurement process map and why it’s important
  • Project priority matrix with examples
  • How to create competitive advantage
  • Strategic sourcing methodology model
  • Multiple financial analyses
    • Basic price analysis
    • Total cost analysis
    • Total cost of ownership
    • Usage cost analysis
    • Vendor financial analysis
  • Several strategic analyses
    • Environmental scanning: internal and external
    • PEST analysis:  addresses political, economic, social and technical environmental aspects
    • SWOT analysis to identify risk and opportunity
    • Risk identification, analysis and management
    • Sensitivity analysis
    • Root cause analysis
  • Risk Identification and Management
  • Request for Proposals
  • Negotiations
  • Contract Management
  • Make vs. Buy

The concluding chapters contain a summary of strategic tools and techniques and change management strategies.

Highlights: What I liked!

The appendices in Supply Management and Procurement: From the Basics to Best-in-Class provide additional information to help apply concepts covered in chapters: 

More…

To read entire Book Review (click here) 


About the Reviewer

julie-talaricoflag-usaJulie Talarico, PMP

Julie Talarico, PMP is an Accounting Manager at JC Penney Corp in Plano, Texas.  She leads Finance IT systems projects, and enjoyed the diversion from accounting to supply management provided by this book review.  Email: [email protected]  

Editor’s note:  This book review was the result of cooperation between the publisher, PM World Inc and the Dallas Chapter of the Project Management Institute (www.pmidallas.org). Publishers provide books to PM World, books are delivered to the PMI Dallas Chapter where they are given to chapter members who commit to providing a book review in a standard format; the reviews are published in the PM World Journal and PM World Library.  Since PMI Dallas Chapter members are generally mid-career professionals, they represent the intended audience for most PM books.  If you are an author or publisher of a book related to program or project management, and would like the book reviewed through this program, please contact [email protected].