SCM 674 - Purchasing and Global Sourcing

(3 units)

Examines purchasing processes and decision-making frameworks. Topics addressed include: interdependencies to other corporate functions; purchasing cycles; development of material and technical specifications; supplier selection, relationship management and evaluation; supplier quality management improvement activities; capital goods and services purchasing; global sourcing; and procurement tools and analytics.

Maximum units a student may earn: 3

Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. describe the strategic role of the supply/purchasing function in the supply chain for an organization, including best practices and data-based decision-making when managing sourcing, transportation, inventory management, and total cost of ownership.
2. describe buyer-supplier relationships, including supplier selection, contract negotiations, relationship building, and supplier quality assurance and evaluation, for both non-profit and for-profit purchasing needs.
3. evaluate sourcing and supply decisions in an international context, including ethical and legal implications, as well as for risk management.
4. apply the latest research and developments in the field to real-time issues, challenges, opportunities, and decisions faced by purchasing professionals.
5. collect, compare, and review procurement-spend data to identify trends, anomalies, and opportunities and apply that data to their organization’s needs and goals.
6. identify and analyze data and research regarding the national and global economic environment and determine how it will affect purchasing and supply management operations.

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