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May 09, 2024
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2022-2023 Catalog [ARCHIVED CATALOG]
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LOGM 228 - Principles of Procurement
PROGRAM: Supply Chain Management/Logistics
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2015
This course is designed to teach the basics of procurement management. Topics covered include: the challenge of procurement 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, procurement relationships, procurement transportation, procurement 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 procurement and supply chain managers by business stakeholders.
- Summarize the impact of procurement and supply chain management on the competitive success and profitability of modern organizations.
- Discuss the ethical, contractual, and legal issues faced by procurement and supply chain professionals.
- Summarize the increasingly strategic nature of procurement, especially the fact that procurement is much more than simply buying goods and services.
- Summarize the procurement 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 procurement management.
COURSE CONTENT: Topical areas of study include -
- The Procurement Process
- Procurement Strategies
- Negotiation
- In-sourcing/Outsourcing
- Policies and Procedures
- Supplier Quality Management
- Procurement Relationships
- Supplier Development
- Global Sourcing
- Supplier Evaluation, Selection, and Measurement
- Strategic Cost Management
- Procurement within the Organization
- Procurement Law and Ethics
- Procurement and Supply Chain Tools & Techniques
- Managing Contracts
- Procurement Transportation Services
- e-Commerce
- Institutional and Government Procurement
- Budget Planning
- Cost Analytics
- Labor Management
- Commercial Invoice Management
- Sales and Operations Planning
- Inventory Principles
Course Addendum - Syllabus (Click to expand)
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