Chapter 15: “Purchasing Law and Ethics”
Chapter 16: “Lean Supply Chain Management”
Chapter 15 covers purchasing law and ethics, topics that purchasing managers must be aware of due to the potential pitfalls implicit in standard legal terminology.
Chapter 16 discusses lean manufacturing to create an awareness of the function of inventory, the operational problems that tempt firms to increase inventory levels, the major approaches used to manage inventory investment and the role of lean thinking in managing inventory.
1) Among the concepts you have learned, which do you think is most useful to you or your organization?
2) Which concept(s) caused the most confusion in this unit?
3) Which concept(s) did you wish went into further detail, either because you are interested or because it’s too complex for the coverage it received?
Reference: Purchasing and Supply Chain Management
Robert M. Monczka; Robert B. Handfield; Larry C. Giunipero