MGMT 2410 - Strategic Sourcing

4.5 Credits

Students learn the theory and applications of purchasing and materials management concepts. The course content includes purchasing organization and administration, quality management, supplier relations, negotiations, legal considerations, logistics, international and governmental procurement, and strategic incentives.

Lecture Hours: 4.5
Lab Hours: 0.0
Internship Hours: 0.0
Clinical or Practicum Hours: 0.0

Course Objectives

Recognize the importance of a strong purchasing department and where purchasing is located in the organizational structure.
Define the role of the Purchasing and Materials Manager in the business organization.
Explain the importance of developing workable policies and procedures.
Create reasonable specifications and standards.
Create effective supplier selection criteria.
Prepare and appraise price/cost analysis.
Employ effective negotiating skills.
Apply the principles of inventory management.

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