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DPS 57015 36

This course breaks down the distinctions between purchasing, procurement and supply management. In providing a comprehensive grounding in the differences between strategic and tactical aspects of purchasing, it covers the procurement process and the role of the procurement function within the organization. This Course gives you the tools to determine “make or buy decisions,” and to conduct effective price and cost analysis. Critical issues in supplier selection and evaluation are addressed as are emerging and established technologies in e-procurement. The characteristics of services procurement that differentiate it from product procurement are also examined.

Outcomes

Upon successful completion of this course, students will be able to:

  • Understand the elements of procurement strategy
  • Develop procurement strategy
  • Develop and apply tactics that support procurement strategy including those related to processes, organization, supplier selection and relationships, decision making and technology
  • Analyze, or direct others in the analysis of make or buy decisions, price, cost, quality, inventory and total cost of ownership
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