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Managing Global Supply and Risk: Best Practices, Concepts, and Strategies Illustrated Edition

by Robert J. Trent (Author), Llewellyn Roberts (Author)

4.2 5 ratings

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Due to the profound growth in international trade, the need to pursue global supply and institute risk management practices has never been greater. The globalization of world markets has reconfigured supply networks, causing increasing complexities and challenges in sourcing and risk management. Managing Global Supply and Risk blends three distinct but interrelated topics—international purchasing, global supply management, and global risk management—to present the critical differences between companies that pursue international purchasing and those that have evolved toward a more sophisticated global supply management model. This book covers every aspect of global supply management and details what it takes to pursue supply management at the international level. Each chapter is loaded with critical concepts that supply managers must understand and includes company examples, cases, best practices, and strategies that offer prescriptions for success.

Global supply management is a process that proactively integrates and coordinates common items and materials, as well as processes, designs, technologies, and suppliers across worldwide purchasing, engineering, and operating locations. It is a process that could very well provide your organization with its next quantum leap in performance. Managing Global Supply and Risk: Best Practices, Concepts, and Strategies is a must read for every c-level executive and supply chain leader that wants to gain or maintain a competitive advantage during difficult economic periods.

Editorial Reviews

Review

A well-written and comprehensive must read for all supply managers and logistics professionals. It covers all key aspects of global supply management and provides strategies for supply professionals, and their companies, to reduce risks and obtain a competitive advantage. ----Mark Skipper, Managing Director, RedPrairie, Asia Pacific

Future leaps in performance will be related to companies abilities to effectively manage global supply chains. This book provides a roadmap to create global supply chain excellence and enhance overall organizational effectiveness. ----C. John Langley, Jr., Ph.D., Professor of Supply Chain Management, Georgia Institute of Technology

If you are a purchasing professional, subjected to the relentless pressure of finding additional value in an ever more competitive world, this book is for you. It demystifies the journey of maturing from contracting in international markets to achieving coordinated and integrated global sourcing strategies. ----Karen van Vuuren, CPO, Absa Group, South Africa

About the Author

Robert Trent, Ph.D., is the supply chain management program director, associate director of the Manufacturing Systems Engineering program, and George N. Beckwith professor of management at Lehigh University, where he teaches at the undergraduate and graduate levels. He holds a B.S. degree in materials logistics management from Michigan State University, an MBA from Wayne State University, and a Ph.D. in operations management from Michigan State University. This well known subject matter expert has authored four highly regarded books within the procurement and supply management field, several research projects published through the Center for Advanced Purchasing Studies (CAPS) and numerous articles published in more than a dozen professional and academic journals and magazines. Dr. Trent is an active member of the Institute for Supply Management, serving for many years as the Professional Development Director of the NAPM Lehigh Valley chapter and, at the national level, as a member of the ISM Educational Resources Committee.

Llewellyn Roberts is President and founder of L. Roberts & Associates Inc., a firm that has provided a wide range of professional consulting and management development services to many of the largest and most successful companies in the world over the past twenty years. He is an industrial engineer, consultant and published author specializing in the fields of business performance improvement, procurement and strategic sourcing, and logistics and supply chain management. Mr. Roberts is a sought-after and frequent speaker at professional conferences and universities worldwide and previously conducted lectures for the Executive Masters in International Logistics program at the Georgia Institute of Technology. He has developed and delivered training to thousands of participants from hundreds of different companies on a wide variety of topics. Amongst its various services, L. Roberts & Associates currently provides training in warehouse design and layout and warehouse management under license to Supply Chain Planning Limited, Cranfield University (UK).

Product details

Publisher ‏ : ‎ J. Ross Publishing; Illustrated edition (September 1, 2009)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 268 pages
ISBN-10 ‏ : ‎ 1604270144
ISBN-13 ‏ : ‎ 978-1604270143
Item Weight ‏ : ‎ 1.27 pounds
Dimensions ‏ : ‎ 6 x 0.9 x 9 inches

Best Sellers Rank: #9,916,163 in Books (See Top 100 in Books)
- #1,119 in Distribution & Warehouse Management (Books)
- #1,841 in Manufacturing Industry (Books)
- #1,857 in Industrial Relations Business

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Robert J. Trent

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Robert J. Trent, Ph.D.

Co-Director—Center for Value Chain Research

and George N. Beckwith Professor of Management

Dr. Robert Trent is the co-director of the Center for Value Chain Research, the supply chain management program director, and the George N. Beckwith professor of management at Lehigh University, where he teaches at the undergraduate and graduate levels. He holds a B.S. degree in materials logistics management from Michigan State University, an M.B.A. degree from Wayne State University, and a Ph.D. in purchasing/operations management from Michigan State University.

Prior to his return to academia, Bob worked for the Chrysler Corporation. His industrial experience includes assignments in production scheduling, packaging engineering with responsibility for new part packaging set-up and the purchase of nonproductive materials, distribution planning, and operations management at the Boston regional parts distribution facility. He has also worked on numerous special industry projects. Bob stays active with industry members through research projects, consulting, and training services. He has consulted with or provided training services to over 40 government agencies and corporations and has worked directly with companies on dozens of research visits.

Bob has authored or co-authored dozens of articles appearing in business publications. He has also made presentations at numerous conferences and seminars. His coauthored study on cross-functional sourcing team effectiveness was published through the CAPS Research in 1993; a coauthored research report on purchasing/sourcing trends was published through CAPS in 1995; a third CAPS project that investigated how organizations reduce the effort and transactions required to purchase low value goods and services was published in 1999; and a coauthored CAPS Research study on global sourcing was published in 2006. He is also the coauthor of a textbook titled Purchasing and Supply Chain Management and the author of the book Strategic Supply Management—Creating the Next Source of Competitive Advantage. His book, End-to-End Lean Management—A Guide to Complete Supply Chain Improvement was published in 2008. Another book, Managing Global Supply and Risk—Best Practices, Concepts, and Strategies,” coauthored with Lew Roberts, was published in 2009. His next book, Next-Level Supply Management Excellence—Your Straight to the Bottom Line Roadmap, co-authored with Robert Rudzki, was published in 2011.

Since arriving at Lehigh University Bob has been awarded the Class of 1961 Professorship, the Eugene Mercy Professorship, and the George N. Beckwith Professorship. Dr. Trent is also active with the ISM, serving for many years as the Professional Development Director of the NAPM of the Lehigh Valley. He is currently a member of the national board of directors for APICS. He and his family reside in Lopatcong Township, New Jersey.

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Dick Locke

Many more positives than negatives

Reviewed in the United States on August 13, 2010

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I'm a trainer on global supply management. I'm also the author of a 1996 book on the topic that stayed in print for about 7 years. Before that I was a practitioner, founding a chain of IPOs back in the 1980s.
When I read this book, I marked plus signs and minus signs in the margins for sections I especially liked and those I thought could be improved. At the end, there were a lot more plus signs than minus signs.

I can't help comparing this book to mine. Mine was aimed at the mid level people who are actually buying internationally. This one seems aimed at upper management of companies that are trying to decide whether to buy internationally or not. As such, the authors list potential problems in great detail but spend less time in showing how to solve them.

To me, the best and most thought-provoking part of the book are the last five chapters. They are collectively called "Pursuing Global Supply Excellence." The authors do an excellent job of raising strategic questions and proposing solutions. I wish I had read it before I went overseas!

The minus signs were in two areas. One was the lack of detail in solving the problems they identified. However, that's really not the goal of the book.

The second area essentially comes down overstating logistic problems. They seem to assume that goods will travel by ocean and transit times will be long. However, if air freight is economically feasible, no major airport is more than a day further away than New York is from San Francisco.

Others called this book a "must read." That's true if your company is trying to decide whether to source internationally. However, don't assume that reading the book will enable employees to solve the problems the authors mention. On that basis I'd call the book necessary but not sufficient for success.

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J. Graczyk

Another great read for supply managers!!!

Reviewed in the United States on October 18, 2009

"Managing Global Supply and Risk--Best Practices, Concepts, and Strategies" is a book that every procurement and supply manager should read. With outsourcing becoming more international, companies are finding it a challenge to manage these complicated supply channels. Trent and Roberts provide a detailed and fundamental understanding of managing global supply chains by reviewing the background and current states of outsourcing. The book shows the history of outsourcing, current topics in international supply, and the future of international sourcing. The authors also supplement the topics with real examples of international sourcing and shared best practices, which makes concepts easy to understand. The book suggests that in order for companies to thrive in a global environment, they need to set criteria for supplier selection, create meaningful performance metrics, and continually work with suppliers to become the preferred customers and gain the competitive advantage. Finally, the authors acknowledge that global supply is forever changing and recommend a set of principles that companies should incorporate into their cultures to cope with change.

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sbmodi

An excellent book

Reviewed in the United States on March 23, 2010

The book, "Managing Global Supply and Risk: Best Practices, Concepts, and Strategies", is especially relevant today with its emphasis on managing global suppliers. It provides comprehensive material to understand the costs, benefits and tradeoffs associated with sourcing globally. Of special note are the numerous real examples which highlight key points throughout the book. For example: the case illustration regarding Ohio Art moving its sourcing spend to China highlights the trade-off between cost and uncertainty. The book is hard to put down once you start reading it because it is really easy to read, current and relevant. Bob Trent and Llewellyn Roberts have delivered an excellent source of information - A MUST READ - for every supply management professional.

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William Hunter

Another great book by Dr. Trent

Reviewed in the United States on January 15, 2010

Once again Dr. Trent has written a must read for the Supplier Management world. His knowledge in the field allows his to write to a deep level on many topics within the field. MUST READ.

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