How can businesses marry the short-term advantages of low-cost country sourcing with the longer-term implications of global sustainability? Are we heading for a sustainability crisis? Procurement and Supply Chain Management: A Sustainability Perspective, Third Edition, not only fully addresses the environmental, social and economic challenges of how companies manage procurement and supply chains but also provides coverage of new and emerging concerns including supply chain risk and resilience, transparency and digital supply chains. In addition to explaining the basic principles and processes of both procurement and supply chain management, the book evaluates how to develop strategic and sustainable procurement and supply chain management.

The authors’ key message is that procurement and supply chain management needs to focus on value creation rather than cost cutting. This requires the development of new procurement and supply chain models that involve circular supply structures, supply chain transparency and collaboration with new stakeholders in traditional sourcing and supply chain settings. Aimed at students, educators and practitioners the book integrates sustainability into each chapter as a core element of procurement and supply chain management.

This third edition incorporates new examples and case studies from industry throughout, striking a balance between theoretical frameworks and guidelines for implementation in practice.