PURCHASING & MATERIALS MGMT

Catalog description

A required course in the logistics and supply chain management major and minor and an elective in the management and marketing majors and minors. Course examines the processes and problems involved in acquiring and controlling materials and services. Includes source selection, inventory management, competitive bids and negotiations, measuring purchasing performance, and uses of the internet. Uses lecture and discussion supplemented by research on realistic procurement problems and on-site visits. Prerequisites: QMTH 2330 or MGMT 2341.