Procurement and Supply ManagementLaajuus (5 ECTS)

Objective

Students recognize the strategic role of purchasing and sourcing and learn the procurement process and its operative tasks. They learn to plan purchases and to compare make-or-buy decisions. They will become aware of the criteria of supplier selection and importance of global sourcing.

Content

• Procure-To-Pay process
• Categorization of purchases
• Make-or-buy decisions and outsourcing
• Inventory management
• Vendor and materials management in ERP-systems
• Supplier evaluation and supply management strategies
• E-procurement

Assessment criteria, satisfactory (1)

Sufficient performance:
showing just enough understanding of the subject to merit a pass grade but requiring greater effort to achieve a more satisfactory result

Assessment criteria, good (3)

Good performance:
showing strong understanding of basic concepts and good grasp of techniques, but with certain minor problems still requiring further attention

Assessment criteria, excellent (5)

Excellent performance:
not only fulfils all standard requirements but demonstrates originality and imagination

Assessment criteria, approved/failed

Sufficient performance:
showing just enough understanding of the subject to merit a pass grade but requiring greater effort to achieve a more satisfactory result