Purchasing Practices

Catalog description

Credits 3. 3 Lecture Hours. Operational practices to run a purchasing department; understanding the types of specifications; identifying and quantifying costs to make versus buy; identifying, soliciting, qualifying domestic and international suppliers; selecting suppliers; estimating the total cost of ownership; devising compensation agreements; understanding the legal framework; and assuring ethical practices. Prerequisite: SCMT 364 with a grade of C or better; admission to upper division in Mays Business School.