This book offers - for the first time in German translation - a comprehensive and very illustrative presentation of the fundamentals, planning, and implementation of a modern procurement function. Procurement and supply management are viewed as a crucial link within a company's management system. The question of how purchasing and procurement should be structured is addressed from both a strategic management perspective and a practical application viewpoint. Each chapter includes learning objectives, an introductory case study to illustrate the practical relevance of the topic, a main text explaining the fundamental concepts and methods, explanations and excursions to deepen certain aspects, a concluding summary, as well as tasks or exercises.