Purchasing and Materials Management (5 ECTS)

Learning outcomes

The student understands the strategic role of purchasing and sourcing. The student is able to identify purchasing and materials management processes and perform the related operational tasks by using an ERP-system. The student is able to plan purchases, make inventory management related decisions and analyze supplier performance.

Content

- Procure-To-Pay process
- Categorization of purchases
- Inventory management
- Purchasing and materials management processes in ERP-systems
- Supplier performance and evaluation

Prerequisites

Supply Chain Management or relevant basic studies

Teaching methods

Interactive lectures and exercises in class
Case Assignment
Workshops with SAP-software

Learning materials will be on Moodle:
https://moodle.metropolia.fi/course/view.php?id=4172
Enrolment Key: Purchasing1

Location and time

First half until mid October by MIkko Kivistö will be all on Zoom:
https://metropolia.zoom.us/j/6170665547

Learning materials will be on Moodle:
https://moodle.metropolia.fi/course/view.php?id=4172
Enrolment Key: Purchasing1

Learning materials and recommended literature

Benton, W. C.: Purchasing and supply chain management, McGraw-Hill Education (2014) 3rd edition or (2010) 3nd edition
Lysons K., Farrington B. : Purchasing and Supply Chain Management (2012), Prentice Hall, 8th edition
Baily, Farmer, Essop, Jones: Procurement Principles and Management (2008), Prentice Hall, Tenth edition)

Other literature to be announced during the course

Further information for students

Those lectures that are hold online might be recorded. Metropolia GDPR and Data Privacy policies are respected. See more information:
https://www.metropolia.fi/en/about-us/data-protection-and-gdpr

Assessment methods and criteria

Individual assignments 70%
Group exercise 30%

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply his/her knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply his/her knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.

Assessment criteria, approved/failed

The student has achieved the course objectives fairly.The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.