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.