Principles and Practices of Procurement Management

The book on The Principles of Procurement and Agribusiness Management is an outcome of a research project taken up for the purpose of award of M.S. Degree in Logistics and Supply Chain Management of Heriot Watt University, Dubai Campus, Dubai. Though the project on Procurement Practices is focusing mainly on the procurement aspects of Fast Moving Consumer Goods in a hypermarket located at Coimbatore City of Tamil Nadu, India, an intuition came to the author to convert the project findings in the form of a book entitled “Procurement Management” to serve the needs of the students and staffs aspiring pioneering works in Procurement.On examining the curriculum of Agricultural Economics, Economics, Commerce and Management disciplines, the separate subject on procurement is almost absent. But the procurement subject is incorporated as one of the subject in the teaching program in the above disciplines and hence the planners in the academic environment should incorporate “Procurement Management” as one of the subject in the above disciplines to infuse expertise among the students and the staffs making procurement.Many of the Managers and officials appointed in the Government and Quasi Government institutions are unaware about the procurement practices and finds difficulties in making purchase of the essentials in their organization which hampers the productivity. In this respect, the book has incorporated the theory behind the procurement, procurement methods and procedures practiced by the Government and Quasi Government organizations in India and how they are practicing the procurement in a real sense by fine tuning the results obtained from the project to suit the consumer needs. Paucity of sufficient books in this area motivated the author to organize the book in a different style and hence this book.Contents:- Section – I: General Management – Theory and Practice:Chapter – I General Management Theory and Practice, Section – II: Areas of Management in Relation to Procurement:Chapter – II Inventory Management, Chapter - III Financial Management, Chapter – IV Human Resource Management, Chapter – V Stores Management, Chapter – VI Standardization and Codification of Materials, Chapter – VII The Waste Management, Chapter - VIII The Technical Communication, Section – III: Procurement Management: Chapter – IX Principles and Practices of Procurement, Chapter - X Procurement of Goods and Services – The Guidelines from World Bank, Chapter – XI Procurement of Goods and Services – The Guidelines from Government of India, Chapter – XII Procurement Management of Fast Moving Consumer Goods, Chapter - XIII Research Methods for Procurement, Chapter XIV The Locational Features of Hypermarket, Chapter XV The Case Study on Procurement of FMCGs, Section – IV: Retailing and Supply Chain Management: Chapter – XVI Retailing and Supply Chain Management – The Case of FMCGs, Chapter - XVII The Summary of Findings of Case Study and Policy Implications.