Course overview
This course provides students with the foundations to procurement based on the various concepts, activities, technologies and processes involved within and among organisations for creating value and better market position; as well as relationships with stakeholders and supply chain partners. In this course, students develop their knowledge of the role of procurement in supply chains as well as the significance of procurement and supply chain management to the overall efficiency and success of organisations in todays highly competitive global business milieu. Students are assessed through an essay, a case study and presentation.
Course learning outcomes
- Discern the role and value-add of procurement in organisations with readings and class activities around the topics by completing the core requirements of this CLO in an essay, a case study and presentation
- Understand the procurement cycle and its contribution to spend management and categorisation with readings and class activities around the topics by completing the core requirements of this CLO in an essay, a case study and presentation
- Examine the methods and tools for an appropriate sourcing plan and optimised supplier base with readings and class activities around the topics by completing the core requirements of this CLO in an essay, a case study and presentation
- Assess the various models of buyer-seller relationships and importance of supplier development with readings and class activities around the topics by completing the core requirements of this CLO in an essay, a case study and presentation
- Evaluate pricing and cost management in procurement with readings and class activities around the topics by completing the core requirements of this CLO in an essay, a case study and presentation
- Demonstrate skills in problem solving, oral and written communication, and applying an international perspective with readings and class activities around the topics by completing the core requirements of this CLO in an essay, a case study and presentation
Degree list
The following degrees include this course