Procurement and Materials Management
Procurement management course introduces the fields of purchasing and materials management. It explores its central concepts, and interfaces this to the other areas of a company, and the changing roles within a business. This course provides opportunities to examine issues such as: supplier selection process, supplier relations, supplier management, and strategic issues.
Procurement plays a critical role in supply chain operations. As supply chains become more globalised, procurement has evolved from a buying activity to a strategic business operation. Progressive organisations leverage their procurement and sourcing processes to gain competitive advantages. This course examines how firms set their procurement strategies – how they plan and execute their purchasing and sourcing activities to support corporate goals and business objectives. Issues relating to supplier evaluation, selection and measurement will be discussed. Case studies of world class purchasing organisations will be employed to examine the relative merits and limitations of an assortment of tools, techniques and approaches for managing the procurement process within the context of global supply chain operations.