PROCUREMENT OF GOODS, SERVICES AND WORKS

This book provides a comprehensive exploration of the key principles, practices, and emerging issues in the procurement of goods, services, and works. Aimed at students and professionals pursuing a course in Supply Chain Management, it offers practical insights into the evolving world of procurement, grounded in both theory and real-world applications.

Chapters delve into various aspects of procurement, including the development of specifications, the procurement cycle, procurement methods, risk management, contract management, and the inspection and acceptance of goods and services. Special emphasis is placed on understanding the impact of socio-cultural, technological, economic, and environmental factors on procurement decisions. Additionally, the book discusses response mechanisms to these emerging trends, helping practitioners and students alike adapt to the fast-changing landscape of procurement.

Through clear explanations, case studies, and practical examples, this book aims to equip readers with the tools and knowledge necessary to make informed, strategic decisions in procurement and supply chain management. Whether you are a student preparing for exams or a professional looking to enhance your skills, this resource will serve as a valuable guide to mastering the intricacies of modern procurement.