Purchasing and Supply Management

Catalog description

(cross-leveled with MANGMT 4090 ). This course examines the critical role of the procurement function within the organization. The objective is to provide students with a fundamental understanding of the purchasing/sourcing function, key issues and developments in purchasing and supply management within the context of SCM, and to identify ways that purchasing can make a positive contribution to the competitiveness of the firm. Topics include an intro to the field/role in SCM; developing global sourcing strategies using commodity/channel/category management; make-or-buy decisions; supplier identification and selection; contract and pricing practices; negotiation; spend analytics including value analysis for services; contract performance monitoring; traditional verse collaborative supplier development; cross-functional relationship management, and ethics. Graded on A-F basis only. Credit Hour s : 3