SCM 425 - Procurement and Supply Management

Description:
Purchasing processes, procurement cycle analysis, research to support purchasing decisions, supplier relationship development and management, negotiations, commodity planning, costing, pricing, and value analysis related to the purchasing of products and services. Course will be offered every year (Fall and Spring).

Prerequisites:
Prerequisites: SCM 310 with a minimum grade of C AND admission to a College of Business Major; AND completion of the College of Business Foundation courses (ACCT 251 and ACCT 252 and BUS 221 and BUS 241 and MATH 153 or MATH 154 or MATH 170 or MATH 172 or MATH 173 and ECON 201) with a minimum C- grade in each course and a minimum collegiate GPA of 2.25) OR (SCM 310 with a minimum grade of C AND declaration of a Supply Chain Management minor or certificate); OR (SCM 310 with a minimum grade of C and admission to the Bachelor of Applied Science in Supply Chain Management Program); OR (SCM 310 with a minimum grade of C AND admission to the Integrated Energy Management Program).

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

Discuss the stages and activities involved in supplier evaluation and selection.
Identify and classify the different types of purchases necessary to support organizational and supply chain operations.
Distinguish among the different approaches to quality management and their role in procurement and supply management decisions.
Assess the appropriateness of alternative purchasing and supply management strategies.
Organize the stages and activities involved in supplier evaluation and selection.
Apply tools and methods associated with the strategic sourcing process.
Describe a framework used to help organize supplier negotiations and will be familiar with important elements that influence the negotiations process.
Explain the primary elements contained in a supplier contract.

Learner Outcomes Approval Date:
4/6/2017

Anticipated Course Offering Terms and Locations: