Purchasing in the Global Marketplace - IIEI-376

Course Description: This six-week course examines the organizational purchasing function within the global marketplace. Upon completion, students will have demonstrated in-depth conceptual and practical knowledge of the role, duties and functions of a purchasing professional. Case studies are used by students to apply their understanding of course concepts to real-life situations.

Prerequisite: None

Course Credit: 3 Credit Hours

Major Course Topics & Course Outcomes

As a result of the group and individual activities included in this course, the student will acquire the following knowledge and skills that can be applied to the workplace:  

Purchasing and Supply Management

• To know the profit leveraging effect of purchasing management
• To be able to identify how supply issues can impact a firm’s competitive position.

Effective Purchasing and Supply Management

• To understand how the purchasing function is organized within modern companies
• To know the activities and responsibilities that fall within the duties of a modern purchasing professional.

Purchasing Processes and Procedures

• To demonstrate an understanding of purchasing process and procedures used by successful organizations.
• To understand the information flows that are directly or indirectly related to purchasing

Quality, Quantity and Delivery

• To be able to determine specifications and required quality standards. 

Supplier Selection

• To identify the factors involved in the selection of a supplier.

 Purchasing Technology

• To know about e-procurement applications.
• To be able to identify the possible impact of e-commerce on purchasing.  

Outsourcing and Supply Management in the Global Marketplace

• To demonstrate knowledge and appreciation for the challenges of outsourcing.  

Logistics Issues

• To be able to analyze the value of third-party logistics providers.
• To know the various logistical modes available. 

Global Supply Strategies

• To understand the importance of global purchasing
• To be able to identify and evaluate the potential problem areas of global sourcing.
• To know the channel elements that impact global purchasing.  

Legal Aspects of Purchasing

• To be able to identify the legal issues related to the purchasing function.
• To know the legal liabilities and the authority of the purchasing officer.  

 

Course Materials:

Purchasing and Supply Management. 12th Edition. Leenders, M.R, Fearon, H.E., Flynn, A.E. and Johnson, P.F. Irwin/ McGraw-Hill, Boston, MA  (2002) 0-07-237060-2

Please note that textbooks are subject to change. Please contact your advisor before purchasing the textbook for your class to confirm.