Curriculum subject

Purchasing and Procurement Management

Subject
Subject code	LOK003
Subject name	Purchasing and Procurement Management
Credit points	3 ECTS
Grading method	Grade prelim

Curriculum subject
Curriculum	2017 TL
Study year	4
Semester	Fall semester
Subject type	Optional

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

Form description
Lectures and interactive seminars

Literature
Logistics and Supply Chain Management, A.Kiisler, 2011

Evaluation methods
• test in interactive e-learning environment – 50% • solving of classroom assignments – 20% • solving of individual assignments – 20% • reviewing an article published in a professional journal- 10%

Study outcome
The student is able to • select suitable purchasing strategy and policy according to the needs • identify purchase 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

Current rounds
xxx KTL71/81
xxx OK11/21 TL71/81