Module Co-ordinator

Pre-requisites

Operations Management 1 (C18OP2)

Linked Modules

None

Excluded Modules

None

Aims

The aims of the module are to:

• to outline the development and contemporary role of the purchasing function.
• to indicate key strategic decision areas.
• to present a selection of tools and methodologies.
• to illustrate the variety of industry contexts and situations facing the purchasing manager.

Syllabus

• Introduction
• Purchasing roles and processes; Purchasing Portfolio Analysis; The future of Purchasing and Supply
• External Resource Management
• By segmenting expenditure; By getting stakeholders involved
• Supplier Appraisal
• Objectives and Risk assessment; Capability assessment; Price Monitoring and Vendor Rating
• Purchasing low value low risk goods and services
• The implications of e-Commerce and e-Procurement; Specifications; Impact on the supplier base
• Purchasing high value low risk goods and services
• Value Engineering; Supplier Qualification; Whole Life Costing; Electronic Reverse Auctions; Public Sector Tendering Regulations
• Purchasing high risk strategic goods and services
• Relationships with Suppliers – co-operative and integrated; Innovation and product development
• Organisation
• Cultural issues
• Make or buy and the Outsourcing Decision; Sustainable – environmental, social and ethical considerations
• Negotiation
• Strategic Negotiation; Mediation
• Measuring Purchasing Performance

Learning Outcomes

Subject Mastery

• Appreciate the contribution that purchasing can make to business competitiveness
• Demonstrate a critical appreciation of the principles of purchasing management
• Be familiar with a range of practical techniques applied by purchasing managers
• Know where to obtain relevant information on purchasing management
• Demonstrate the key concepts of purchasing management
• Apply these concepts in practical business settings
• Utilize and source relevant information from library, internet and database sources

Personal Abilities

• Appreciate the complexity of supply chains and the implications of managing assets owned by someone else
• Assess the extent of dependence on external resources
• Be able to apply a range of practical purchasing techniques
• Carry out supplier appraisal including assessment of financial stability
• Assess suppliers for corporate social responsibility compliance
• Assess whole life costs including present value analysis
• Measure and report on purchasing performance

Assessment Methods

Method

Duration of Exam
(if applicable)

Weighting (%)

Examination

3 hours

50%

Coursework assignment

50%

Supporting Information and Downloads