Course

Course Summary
Credit Type:
Course
ACE ID:
BISK-0146
Organization's ID:
SCMC886
Organization:
Bisk Education
Location:
Classroom-based
Length:
8 weeks (32 -- 48 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Strategic Sourcing or Logistics
Description

Objective:

The course objective is to examine the fundamentals of strategic sourcing and supply management; discuss the strategic and operational role of the purchasing/supply function within the organization and between firms; and focus on the issues of developing and implementing a procurement strategy; supplier selection, management, and development; buyer-supplier relationships; global sourcing; negotiations; electronic procurement; cost/price considerations for the purchase of goods and services; and green purchasing and purchasing ethics.

Learning Outcomes:

  • Describe operation management concepts and discuss the importance of internal and external integration
  • Discuss strategy and commodity strategy and how they are developed
  • Identify key performance measures of how purchasing is evaluated
  • Discuss the future of procurement.
  • Examine what supplier evaluation and selection looks like in practice
  • Define the objectives of supplier performance measurement and examine the catalog of metrics
  • Review the objectives of electronic procurement and discuss its evolution
  • Analyze the impact of the Internet
  • Identify ethical and unethical behaviors frequently found in purchasing

General Topics:

  • Issues, principles, opportunities, strategies, techniques, and developments in strategic sourcing being pursued by leading-edge organizations to achieve competitive advantage
  • The importance of developing a supply management strategy that is aligned with the firm's overall competitive strategy
  • Internal and external challenges that affect sourcing strategy
  • Criteria and techniques for selecting new suppliers and for assessing and evaluating existing suppliers
  • How and when to build trust between participants across the supply chain
  • Issues involved in the make-or-buy decision, global sourcing, electronic procurement, the extended enterprise, negotiations, and ethics
  • Decision-making frameworks and problem-solving skills to determine the best course of action pertaining to above strategy areas
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials