Introduction to Procurement and Contracting

Catalog description

This course will introduce students to purchasing management and the fundamentals of sourcing material and services. Topics covered will include the importance of proper specifications, buying authority, vendor selection and management, purchasing policies, transportation planning, returns, and inventory control. The course will focus on the importance of total cost control and establishing a sustainable competitive advantage based on procurement. The course will integrate biblical and ethical principles into contracting and procurement applications and practices.