Objectives and competences
In this course students:
- They are familiar with a historical overview of purchasing terminology
- Acquire a basic knowledge of the purchasing process and purchasing decisions
- Familiarise themselves with the roles of the supply base
- Acquire a basic knowledge of supplier selection and the purchasing organisation
- Learn about the global purchasing (sourcing) process
- Learn about public purchasing (procurement)
- Gain basic knowledge of supplier relationship development, supplier evaluation and certification, supplier development and supplier relationship management
- Gain basic knowledge on benchmarking successful purchasing (sourcing) practices
- Learn how to evaluate and improve the purchasing (supply) function of a company
- They learn about the types of risks in global sourcing and how to manage them
- Learn about sustainable purchasing (sourcing), the importance of early supplier involvement and rewarding supplier performance
Content (Syllabus outline)
- Historical overview of purchasing terminology
- The purchasing process
- Purchasing decisions
- Roles of the supply base
- Suppliers’ selection
- Purchasing organization
- Global purchasing (sourcing)
- Public purchasing (public procurement)
- Developing supplier relationships
- Supplier evaluation and certification
- Supplier development
- Supplier relationship management
- Early supplier involvement
- Rewarding supplier performance
- Benchmarking successful purchasing (sourcing) practices
- Assessing and improving the firm’s purchasing (sourcing) function
- Risk management in global sourcing
- Sustainable purchasing (sourcing)
Learning and teaching methods
- Lectures and tutorials,
- Active work of students in lectures and tutorials
- Team work of students
Intended learning outcomes - knowledge and understanding
Students:
- Understand the role of purchasing and its strategic impact on an organization's competitive advantage
- Understand the differences between the traditional purchasing process, e-procurement, public procurement, and green purchasing
- Know how to analyze and evaluate sourcing decisions and the factors impacting supplier selection
- Know how to analyze the pros and cons of single- sourcing vs. multiple-sourcing
- Understand the key characteristics of centralized, decentralized, and hybrid purchasing
- Understand the opportunities and challenges of global sourcing.
- Know how to explain the importance of supplier partnerships
- Understand the key factors for developing successful supplier partnerships
- Understand the importance and the procedure of supplier evaluation and certification
- Understand the significance of supplier relationship management
- Know how and why purchasing practices are benchmarked
- Understand why firms want to assess their purchasing capabilities
- Know the types of risks in global sourcing and understand approaches to managing them
- Understand the concept and trends in sustainable purchasing
- Know approaches to implementing sustainable purchasing
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/intellectual skills:
Students:
- They can explain the role of purchasing in the company's supply chain
- They can explain the impact of purchasing on the competitiveness of the firm
- They can explain the management aspects of global purchasing (planning, coordination, implementation, control)
- They can explain the criteria for selecting and choosing suppliers
- They can explain supplier relationship management
- They can explain the risks in global sourcing and approaches to managing them
- They can explain the concept of sustainable purchasing and approaches to its implementation
Key/transferable skills:
Students:
- Develop the ability to identify and manage risks in global sourcing
- Develop the capacity to integrate aspects of sustainability into global procurement
- Develop an interest in the dynamic work of a global purchasing manager
Practical skills:
Students:
- Develop the ability to apply knowledge of global purchasing management to practical examples
- Develop the ability to find and use information on aspects of global sourcing
Develop the ability to benchmark purchasing practices
Readings
Obvezna študijska literatura/Compulsory Textbooks:
Wisner, J., Tan, K.-C., & Leong, G. K. 2019. Principles of supply chain management: A balanced approach. Boston, MA: Cengage Learning.
Dodatna študijska literatura/Additional Textbooks: PPT-drsnice predavanj.
Nabor aktualnih študijskih primerov.
Additional information on implementation and assessment - Oral exam (60%)
- Case study (40%)*
* Written analysis and presentation of two case studies. To obtain a grade in the course, both written assignments are compulsory.
