This proven textbook provides a comprehensive overview of the tasks involved in modern materials management and industrial purchasing. It addresses both fundamental issues of materials management (such as planning, procurement market research, value analysis, bid comparison, negotiation, logistics, procurement policy, international sourcing, IT deployment, supplier management, and organization) as well as selected specialized problems (such as operational waste management, sampling control, price structure analysis, and controlling in materials management). Each chapter includes exercises and tasks that facilitate the understanding of the material and allow for self-assessment. The 11th edition is up to date and includes topics on international sourcing and e-procurement.