Begins with some purchasing fundamentals including making key decisions like multi-sourcing vs single-sourcing, close relationships vs distant and outsourcing. Also covers purchasing considerations such as the advantages and disadvantages of sharing suppliers with competitors, supplier tactics, forming buyer groups and managing & cultivating supplier competition. Proceeds to an examination of the key supply chain issues such as the advantages and disadvantages of inventory, information sharing among chain participants and option value. Concludes with organizational behavior such as who has responsibility for purchasing & supply chain management and how those functions interact.
