Overview

This topic aims to provide students with a foundational understanding of the theories and concepts required to effectively manage procurement in organisations. Procurement involves sourcing, purchasing and selection of supplies to an organisation and hence is crucial for an efficient supply chain. As such the topic outlines the purchasing procedures … For more content click the Read More button below.

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Tuition pattern

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Aims

This topic aims to provide students with an introduction to the principles, practices and issues relevant to effectively manage procurement in organisations. The students will evaluate the processes and systems in place for purchasing and managing supply bases.

This topic aims to:

  • Allow students to appreciate the strategic importance of the procurement function
  • Provide students with the understanding of the purchasing policies, procedures, laws and ethics
  • Provide students with the understanding of the key elements in strategic sourcing and link to competitiveness

Learning outcomes

On completion of this topic you will be expected to be able to:
1.
Evaluate purchasing and supply management concepts, theories and principles
2.
Critique organisations’ challenges in relation to supply chain management processes
3.
Appraise supply chain theories in business scenarios to recommend solutions

Assessments

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Current students should refer to FLO for detailed assessment information, including due dates. Assessment information is accurate at the time of publishing.

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Requisites information

Anti-requisites: