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May 05, 2024
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2022-2023 Catalog [ARCHIVED CATALOG]
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BUSN 228 - Principles of Purchasing
PREREQUISITES: BUSN 101 - Introduction to Business .
PROGRAM: Business Administration
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2013
This course is designed to teach the basics of purchasing management. Topics covered include: the challenge of purchasing and materials management, objectives and organization, function, specification, quality control and inspection, supplier evaluation, selection, and measurement, supplier development, strategic cost management, contracts and negotiation, purchasing relationships, purchasing transportation, purchasing laws and ethics, and global sourcing.
MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be expected to be able to:
- Describe the demands placed on purchasing and supply chain managers by business stakeholders.
- Summarize the impact of purchasing and supply chain management on the competitive success and profitability of modern organizations.
- Discuss the ethical, contractual, and legal issues faced by purchasing and supply chain professionals.
- Summarize the increasingly strategic nature of purchasing, especially the fact that purchasing is much more than simply buying goods and services.
- Summarize the purchasing process.
- Discuss supplier development, evaluation, selection, and measurement techniques.
- Define appropriate techniques used to measure supplier quality.
- Summarize appropriate negotiation and contract management techniques.
- Describe methods to strategically manage costs in purchasing management.
COURSE CONTENT: Topical areas of study include -
- The purchasing process
- Purchasing strategies
- Negotiation
- In-sourcing/outsourcing
- Policies and procedures
- Supplier quality management
- Purchasing relationships
- Supplier development
- Global sourcing
- Supplier evaluation, selection, and measurement
- Strategic cost management
- Purchasing within the organization
- Purchasing law and ethics
- Purchasing and supply chain tools and techniques
- Managing contracts
- Purchasing transportation services
- e-Commerce
- Institutional and government purchasing
Course Addendum - Syllabus (Click to expand)
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