Curriculum subject

Sourcing and Purchasing

Subject
Subject code	TLM494
Subject name	Sourcing and Purchasing
Credit points	3 ECTS
Grading method	Exam

Curriculum subject
Curriculum	2016 TL
Study year	3
Semester	Fall semester
Subject type	Mandatory

Subject loads
Lecture	32

General description
Purchasing goals and tasks. Purchasing in logistics and supply chain management. Supplies planning. Purchasing policy. Purchasing process. Management of purchasing process. Strategical purchasing. Managing purchasing costs. Suppliers evaluation and selection. Purchase organization. Purchasing negotiations. Purchasing contracts. Supplies tracking and coordination. Purchasing and ordering costs. Total cost of ownership. Managing purchase process. Measuring and analyzing purchase process. Cooperation with suppliers. Suppliers evaluation. Sourcing strategies. E- commerce. Develeopment of sourcing and purchasing.

General aim
To give students necessary knowledge about sourcing and purchasing field – managing purchasing process, offers composing, offers comparison, contracting, suppliers evaluation and selection.

Aim
The student knows • sourcing and purchasing goals and tasks • purchasing process phases • purchasing strategies and policies • achievement of purchasing activities • ordering systems and methods • purchasing negotiation principles • tracking and managing of supplies and evaluating supplier performance • possibilities to increase purchasing process efficiency • relation between purchasing and inventory management The student is able to • suitable purchasing strategy and policy according the needs • identify purhase need and to determine purchasing criterions • compose inquiries, compare offers and identify the best offer • prepare sourcing and purchasing contracts • calculate total cost of ownership

Form description
Lectures and interactive seminars.

Literature
Portfolio of lecturer materials.

Evaluation methods
Assessment is based on the following partial results: • test in interactive e-learning environment – 50% • solving of tasks – 40% • reviewing an article published in professional journal- 10% Minimum positive grade - "satisfying" (2)

Replacement Subjects
TLM393 Purchasing Management

Current rounds
Sourcing and Purchasing KTK31/41
Sourcing and Purchasing KTK51/61
Sourcing and Purchasing KTL31/41
Sourcing and Purchasing TK31/41 TK32/42
Sourcing and Purchasing TK51/61
Sourcing and Purchasing TT51/61 TL31/41