BUS 602 - Strategic Procurement

3 Cr. Hrs.

Procurement is an essential supply chain function of any organization which can lead to short term and long term success or failure. Strategic procurement skills include the management of a broad range of processes that are associated with an organization’s aim to acquire essential goods and services needed for delivering a service product, assembling or manufacturing a product. These processes include activities such as product and service sourcing, supplier selection, pricing and terms negotiations, transaction and contract management, supplier performance management, and supplier sustainability issues. By reviewing the end-to-end procurement process, students will develop the capability to identify ways in which value can be asses and conversely, depleted. Risk and ethical issues will also be discussed. Prerequisite(s): Must be in the final phases of the MBA program.