ISBN 9788131522387,Strategic Supply Management : Creating The Next Source Of Competitive Advantage

Strategic Supply Management : Creating The Next Source Of Competitive Advantage


Cengage Learning



Cengage Learning

Publication Year 2014

ISBN 9788131522387

ISBN-10 8131522385


Number of Pages 320 Pages
Language (English)

Purchasing & supply management

The popular press is loaded with stories about supply problems affecting many industries. Extensive outsourcing of major portions of a firms value chain, relentless pressure from customers to improve product and service functionality and to reduce costs across almost every industry and steep global competition have combined to create a search for new sources of competitive advantage. This search has led to supply management, the management of suppliers and improved supply base relationships to become hot topics in the boardrooms of many organizations.

This book presents a road map and understanding of what it really means to practice strategic supply management. No longer a transactional activity, supply management is about creating and sustaining new sources of competitive advantage. Dr. Trent articulates how to create a supply management organization that you can count on to deliver reliable sources of supply and eventually, competitive advantage. He purposely presents a holistic approach that focuses on breadth rather than depth so that readers can see how the different elements that comprise strategic supply management come together to create a hard-to-duplicate source of competitive advantage. Strategic Supply Management presents, in a concise manner, the need for supply leadership, the organizational enablers that must be in place and the strategies and approaches that leading organizations pursue to achieve advantages in price and cost, quality, cycle time, technology, flexibility and end customer responsiveness.

This is a must read for any procurement or supply management professional, finance, operations and engineering functional managers, executives who interact on a regular basis with supply management professionals and academics and students.

Summarizes what a leading supply management organization looks like today, completely defines strategic supply management and provides a clear understanding of the leadership required to achieve a set of demanding supply objectives.
Explains the four critical enablers underlying strategic supply management-organizational design, measurement, information technology and human resources-which are prerequisites to the pursuit of more sophisticated supply management activities.
Discusses how to develop supply strategies and presents the leading-edge supply approaches and strategies that can lead to sustained competitive advantage.
Presents information about specific concepts, processes, best practices, tools and real company examples in each chapter and includes end-of-chapter questions to help facilitate discussion and learning.

About the Author

Robert J. Trent, Ph.D., is the supply chain management program director and the Eugene Mercy associate professor of management at Lehigh University, where he teaches at the undergraduate and graduate levels. Dr. Trent gained his practical experience in operations management, purchasing, distribution planning, production scheduling and package engineering at the Chrysler Corporation. He holds a B.S. degree in materials logistics management from Michigan State University, an M.B.A. degree from Wayne State University and a Ph.D. in purchasing/operations management from Michigan State University.

He has been published extensively in numerous magazines and journals such as Supply Chain Management Review, Inside Supply Management, Journal of Supply Chain Management, International Journal of Purchasing and Materials Management, Sloan Management Review, International Journal of Physical Distribution and Logistics Management, Total Quality Management, Academy of Management Executive, Business Horizons, Team Performance Management, NAPM Insights, Supply Chain Forum and Managing Information Strategies and his research is often published by the Center for Advanced Purchasing Studies (CAPS). Dr. Trent is also co-author of a best-selling textbook entitled Purchasing and Supply Chain Management, now in its third edition. He is a sought-after speaker for seminars and professional conferences. Bob is an active member of Institute of Supply Management (ISM), serving for many years as the Professional Development Director of the NAPM, Lehigh Valley Chapter and at the national level, as a member of the ISM Educational Resources Committee.