Global SourcingLaajuus (3 ECTS)

Objective

Students will be able to recognize the strategic role of purchasing as one management function. Students will be able to describe the purchasing processes and to integrate these with other business processes. Students will be able to plan purchases and to analyze the supplier relationships. Students will become aware of the importance and effects of the supplier management and supplier networks and global sourcing. Students will be able to compare different purchasing organizations and purchasing strategies.

Content

• Growing importance of purchasing
• Strategic role of purchasing
• Integration of purchasing into other business processes
• Categorization of purchases (incl. public sector)
• Purchasing and procurement processes
• Purchasing strategies
• Organizing purchasing function
• Supplier management
• Global sourcing and networks

Qualifications

English Language Proficiency

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