• 098404 - SUPPLY CHAIN MANAGEMENT [1]

MODULE 1 OUTLINE:

PURCHASING AND SUPPLY CHAIN MANAGEMENT

MODULE 1 BACKGROUND AND AIMS:

In Module 1 ‘Purchasing & Supply Chain Management’ (PSCM) we examine the concepts, principles and practices of PSCM, with a particular focus on its role in organizations. PSCM has grown as a discipline both in practice and in education in recent years and therefore now offers excellent career opportunities. Many companies have elevated PSCM to a strategic function; it is important that future managers understand the potential contribution of PSCM not only to achieve cost savings but also to create value for the organization as a whole. The recent focus on supply chain risk and sustainability has further boosted the focus on PCSM as organizations are faced with long-term global risks and turbulence as well as economic, environmental and social challenges. This course therefore examines the principles, concepts and approaches of Purchasing and Supply Chain Management and its role in reducing costs and improving customer value.

MODULE 1 INTENDED LEARNING OUTCOMES (ILOs):

Having completed this course the student is expected to show an ability to:

1. Understand the role of PSCM in organizations and in their relationships with suppliers and customers
2. Define Purchasing and SCM concepts
3. Understand the contribution of purchasing to new product development and innovation
4. Explore supply chain planning and control techniques
5. Assess the use and relevance of information and communication technologies in SCM
6. Illustrate and explain the purchasing process
7. Explain the meaning and importance of PSCM strategy
8. Analyse different organisational structures of the PSCM function
9. Explain the importance of supplier relationship concepts and develop effective supplier relationship management strategies
10. Make effective make or buy and outsourcing decisions and evaluate the challenges of outsourcing
11. Design different sourcing strategies
12. Assess the relevance and challenges of sustainable PSCM, especially in terms of potential environmental and ethical risks in the extended supply chain
13. Evaluate the concepts and methods of supplier assessment and evaluation
14. Explain the role of supplier development in achieving supplier performance improvement
15. Evaluate the particular challenges and constraints of public sector procurement and humanitarian aid supply chain contexts

Final assessment: grade will be the result of:

1. individual written exam
2. group assignment