Supply Management-Procurement

Catalog description

This is an introductory course on the principles of strategic sourcing and supply management. Topics covered include the profit-generating potential of supply management, the role of sourcing in quality management, the price versus cost distinction, supplier selection and evaluation, value analysis, strategic sourcing activities, and ethics in procurement. Students will also examine negotiation strategies and the request for quotation process along with using SAP to manage the sourcing process.