This book would be useful to colleges and universities as a set book at undergraduate and postgraduate level. The author, Faustino Taderera, a distinguished university lecturer, researcher, international business strategist and supply chain strategist had in mind five important objectives in writing this breakthrough and unique textbook: - To create an all in one key reference and set book for students taking advanced studies in procurement, both undergraduate and postgraduate To assist purchasing practitioners, lawyers, bankers, researchers, insurers, TPOs and Government departments get a comprehensive guide and reference book in their day to day work Contribute to academia through the development of the highly complex, rich and growing procurement profession which is now taking centre stage in business, both public and private Challenge the status-quo and come up with a well researched text which is solutions and applications based Give the busy college and university professor/lecturer an easy to follow and highly analytical/comprehensive text to use in setting examinations and creating marking guides."