Procurement StrategyLaajuus (5 cr)

Objective

The student acknowledges the strategic nature of procurement and the different ways to organize sourcing.
The student is able to:
• evaluate the impact of megatrends on procurement and the external and internal influences on company strategy and how to manage external resources.
• analyze how procurement strategy is linked to the company vision, mission and strategy.
• exploit a spend-analysis, classify purchases and create a purchasing portfolio analysis.
• apply maturity models in assessing the status and development potential of the procurement function.
• co-create a sustainable procurement strategy for a company and consider the competitive advantage of supply chains.
• predict and create scenarios based on supply-demand market data relevant for his/her own industry.
• create an outsourcing plan and to conduct in-depth make-or-buy analyses.

Content

Operating environment
Organizing procurement and sourcing
Procurement strategy aligned with corporate strategy
Maturity models
Portfolio models
Make-or-buy- analysis

Qualifications

Completed Higher Education Degree

Assessment criteria, satisfactory (1)

Sufficient performance: has completed basic requirements to pass the course and has made an attempt to apply and articulate concepts and information both verbally and in writing but has not made enough effort overall. The student has demonstrated little effort, interest and motivation for individual or team activities / assignments and the output is rather weak.

Assessment criteria, good (3)

Good overall performance: can apply and articulate concepts and information well both verbally and in writing, certain areas of individual or team output require further attention; shows appropriate level of interest and motivation in individual and team activities. Good presentation delivery and analysis.

Assessment criteria, excellent (5)

Excellent performance in all elements of the course: shows interest and motivation in individual and team activities and assignments, fully applies and clearly articulates concepts and information both verbally and in writing. The student is able to support his/her argument with references to the recommended reading and lecture content. Excellent presentation delivery and analysis.

Assessment criteria, approved/failed

Sufficient performance: has completed basic requirements to pass the course and has made an attempt to apply and articulate concepts and information both verbally and in writing but has not made enough effort overall. The student has demonstrated little effort, interest and motivation for individual or team activities / assignments and the output is rather weak.

Further information

The language of tuition is English.