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Discover the dynamic world of buying, procurement, and supply management. See how top businesses organize their purchasing functions to boost efficiency and profitability. Analyze procurement's role in integrating supply chains and explore the entire supply management process—from identifying needs to managing purchase orders and payments. Dive into strategic materials cost management and practice negotiation techniques for win-win contracts. Understand the critical roles of agency law, contract law, and ethics in purchasing, and learn how to protect intellectual property and resolve disputes. Grasp the significance of contract management and risk identification in procurement, laying the foundation for strong business relationships. Apply negotiation strategies and techniques that account for culture, social and political aspects to develop global procurement contracts.