Course

Course Summary
Credit Type:
Course
ACE ID:
BISK-0176
Organization's ID:
SCMC849
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 Project Management, Logistics, or Business
Description

Objective:

The course objective is to introduce the student to supply base management as a dynamic approach to managing both current and potential suppliers. The student will be shown that procurement and purchasing activities are strategic functions that play an important role in the success of any organization; provide the knowledge and tools needed to develop high-quality, effective relationships with suppliers and to leverage those relationships to facilitate better management of the supply base; and provide information the student can use to conduct supplier audits and reviews and develop/streamline the supply base.

Learning Outcomes:

  • Identify the key dimensions of supplier financial health
  • Evaluate the financial health of a supplier using financial ratios
  • Evaluate a supplier's performance
  • Explain the need for supplier development and supply base optimization
  • Identify and explain the challenges inherent in the management of a global supply base
  • Evaluate the effectiveness of a supplier advisory council and supplier suggestion program
  • Apply the use of a should-cost model to enforce 'price discipline'
  • Discuss the importance of ethical behavior in supply base management
  • Explain the importance of a strong supply base to the enterprise
  • Discuss the challenges and opportunities of cost/price management in a collaborative setting
  • Explain the importance of the learning curve effect, target costing, parametric cost models and the process of value analysis

General Topics:

  • Supplier evaluation and assessment, supply base development and optimization, management of a global supply base, collaborative supplier relationships, principles of cost/price management, cost/price management tools, supplier integration in new product development, and management of supply risk
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Discussion
  • Lectures

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials