This is an expert resource for anyone wanting to better understand the philosophy of strategic supply management and procurement. Driven by a down-turn in the economy, many organizations are discovering what worked well in the past may not be what is needed now to move forward or even survive. This comprehensive and analytical resource draws comparisons between practicing basic procurement and the more advanced modern principles of strategic supply management, and clearly demonstrates how merely practicing the basic procurement principles and methods of the past in our new economy can lead to disastrous consequences. "Supply Management and Procurement" contains proven tools and techniques and a wealth of information that procurement and supply management professionals at any level can use to improve both their organizations performance and their individual performance in real-world situations and at addressing problems they face on a daily basis.