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Basis of Education Competence Standards Structure of Studies Development of Expertise Methods and implementation Course Table

EI21SP Bachelor Degree Programme in Mechanical Engineering

Course Description

Code4 EIA8170
NameProcurement and Purchasing Management
Credits5 cr
Credits in Foreign Language5 cr
ObjectivesThe students will gain understanding of procurement process as part of organization’s Supply Chain, purchasing objectives and organisation, key purchasing variables, applications, systems, control, personnel, import-export operations in purchasing, out-sourcing and vendor management in supply chain. The competence goal of this course is that the students are capable to operate, analyse, develop and manage procurement and purchasing processes as a vietl important part of Supply Chain in their future profession.
ContentProcurement and Purchasing scope and objectives
Procurement and purchasing operations, development, management and strategy planning
Quality of Purchasing and performance metrics
Source decision making and order sizing
Price of purchases and total cost of ownership
Contracting and negotiations
Code of Conduct and Ethics in business
Buying Commodities and Capital Goods Internationally
Purchasing systems
RequirementsLectures, problem based exercises and learning tasks in Moodle both individually and in teams. Literature and articles. Company visits. Case or project study or seminar in teams. Cumulative exam.
Grading Scale0 - 5
Course materialMaterials in Moodle
Baily, Farmer, Jessop & Jones: Purchasing Principles and Management.
Bowersocks & Closs: Logistical Management - The Integrated Supply Chain Process.
Ballou: Business Logistics Management.
PrerequisitesBasic knowledge of Business Economics and Materials Management
Other considerations
ContactPyysalo Jarmo

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