Purchasing and Contract LawLaajuus (5 ECTS)

Objective

After completing the course the student knows the procurement environment and be able to analyze the impact of acquisitions the company's profitability. The student knows the steps of the procurement process, to understand the total cost of procurement of thinking and the ability to compare and evaluate supplier relationships and understand the various types and in different environments occurring in procurement differences. the student knows the importance of contracts in purchasing and the structure and necessary elements of contracts.

Content

Procurement operations of the basic concepts and processes of procurement operations objectives, cost impact and the importance of the business. Acquisition, organization, procurement process, the basic tools. The procurement strategy throughout the company's strategy as a part of: outsourcing, supplier relations & networks. Services, procurement, project acquisition and the acquisition of the special features of international. Contracts in purchasing.

Assessment criteria, satisfactory (1)

Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s central concepts, models and is able to utilize the most common tools. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

Students have achieved the course objectives well, even though the knowledge and skills need improvement in some areas. Students know the course concepts and models well and are able to justify their decisions. The students are able to apply their knowledge in new situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise and areas requiring further development.

Assessment criteria, excellent (5)

Students have achieved the objectives of the course with excellent marks. Students master commendably the course subject area’s concepts, models and tools. Students are able to make justified and fluent analysis and to present concrete development measures. The students are well prepared to apply their knowledge in new situations. Students are able to analyze the business sector expertise and the evolvement of their own expertise.

Assessment criteria, approved/failed

Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s central concepts, models and is able to utilize the most common tools. The student understands the criteria and principles of the expertise development.