The Purchasing course will explore procurement's strategic and operational aspects of within a modern supply chain. The course covers the development of an effective supply strategy, guiding decisions on whether to make in-house or buy from external sources, alongside exploring insourcing and outsourcing approaches. Students will learn how to accurately identify organizational needs, assess cost management practices, and ensure the quality and quantity management in procurement processes. A key focus will be on selecting of suppliers, evaluating both qualitative and quantitative factors to secure the best partnerships. The course also covers critical areas such as contract management, negotiation techniques, and the complexities of global supply chains. Emphasizing real-world application, the curriculum prepares students to manage purchasing functions integral to maintaining competitive advantage in today's interconnected global market.
Fall Even.