Defining Purchasing ....................................................................................................................
Purchasing as a Key Business Function....................................................................................
Categories of Purchasing ...........................................................................................................
Purchasing’s Strategic Responsibilities ....................................................................................
Detailed Purchasing Responsibilities ........................................................................................
Purchasing’s Place in the Organization.....................................................................................
Typical Purchasing Organization ................................................................................................
Purchasing’s Relations with Other Functions ..........................................................................
Centralized Versus Decentralized Purchasing ..........................................................................
Buyer/Planner Concept ..............................................................................................................
Strategic Versus Operational Activities......................................................................................
Anatomy of Purchasing Strategy ................................................................................................
Step 1- Environmental Scanning ...............................................................................................
Step 2- Organizational Structure ................................................................................................
Step 3 - Inventory Strategy .........................................................................................................
Step 4 - Supplier Relations .........................................................................................................
Step 5 - Technology Enablers .....................................................................................................
Step 6 - Performance/Continuous Improvement .....................................................................
Review, Terms, Discussion Questions, Exercises .....................................................................
Terms Check ................................................................................................................................
Performance Check ....................................................................................................................
Discussion Questions .................................................................................................................
Case Study ...................................................................................................................................
Suggested Additional Readings .................................................................................................