Study Guide

Objective

Purchasing Management is a fundamental course that delves into procurement and supply chain management principles, strategies, and practices. This course equips students with the knowledge and skills needed to excel as a purchasing manager or procurement professional. It explores the key principles, strategies, procurement process, supplier relationships, cost management, legal and ethical aspects, global sourcing, best practices in purchasing, reduced costs, and more. Students will gain practical insights into optimizing procurement practices and enhancing organizational performance in a competitive business environment.

Content

1. Introduction to purchasing management
2. Purchasing or procurement process
3. The role of purchasing in the value chain
4. The strategic and operational roles of the purchasing function
5. Supplier relationship management
6. Cost management
7. Legal and ethical aspects in purchasing management
8. Global sourcing and international trade
9. Supplier diversity and sustainability:
10. Strategic Procurement and Supply Chain Management
11. Relationships in the purchasing and procurement process
12. Final Project Presentation & Final Exam

Assessment criteria, satisfactory (1)

The student did not reach all the learning outcomes of the course and can show some knowledge and skills at a general level.

Assessment criteria, good (3)

Students have a knowledge and understanding of theories, concepts, and processes that characterize the purchasing management process.

Assessment criteria, excellent (5)

Students may be required to work on a final project and take an exam to demonstrate their knowledge and understanding of the course material. Projects may involve real-world procurement challenges, supplier evaluations, or cost analysis. Projects may involve real-world procurement challenges, supplier evaluations, or cost analysis.