Strategic Procurement

Catalog description

Strategic planning for the source/buy process, including developing and managing supplier relationships, global issues, and e-procurement. SCM 820 Strategic Procurement (4) The course provides a special emphasis on the development and management of strategic sourcing relationships and promotes an understanding of the strategic role of supply management in effective supply/demand/value chain operations. Students learn through the application of course materials to relevant supply management case problems and scenarios. Collaboration in case preparation is required. Online discussions, "what if scenarios," and contemporary problems enhance the learning experience. After completing this course, students should have the knowledge, skills, and abilities to: a. Understand the strategic role of supply management in effective supply/demand/value chain management. b. Understand the potential impact of supply management on the competitive success and profitability of business organizations. c. Articulate supply management best practices and understand the circumstances under which they work or do not work as well. d. Understand key issues and approaches in relation to strategic supply management, including: supply relationship management, supply segmentation, and the outsourcing decision. e. Plan and execute negotiation strategies. f. Explain developments and technologies in e-Business and e-Procurement and their implications for supply chain management. View and examine future trends in both e-Business and e-Procurement. g. Understand basic issues related to global sourcing. h. Articulate the challenges and opportunities for supply management in the future. The evaluation of students is based on small group case study submissions, individual case study submissions, a small group negotiation exercise, on-line discussion postings, and peer reviews.