Curricula

Objectives

The object of this course:
In this course you will learn to recognise the strategic targets of the organisation and procurement. You identify the cost, risk and value in purchasing management. In addition you begin to understand the Basic tools of purchasing management and recognise the impact of purchasing to the organisations sustainability targets.

The course competences:
EUR-ACE Engineering practice: You understand the role of purchasing as part of the company's strategic management.

EUR-ACE Engineering Analysis: You can develop purchasing holistically as part of strategic management.

EUR-ACE Transferable Skills: You see the potential and the risks of purchasing in relation to strategic business objectives.

Content

In this course you study the following topics:
Strategic management
Cost, risk and value in purchasing management
Category management and organisational models of purchasing
Contracts and contract management
The future of purchasing management

Teaching methods

Course is implemented with face-to-face lectures, self study (literature and assignments), group work (during the lectures) and practical projects.

More specific implementation presented during the first lectures.

Practical training and working life connections

The course may have a visiting lecturer or a company visit.

Exam dates and retake possibilities

There has at least one exam in this course.

Alternative completion methods

Accreditation procedures are described in the Degree Regulations and Study Guide. Further information about possible course-specific arrangements is available from Course tutor.

Student workload

Planned workload per (1) course credit is 27 hours
E.g. 5 course credits is 135h.

Lectures app.35h
Assignments app.60h
Self study app.40h

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

1. Student recognises the strategic targets of an organisation and procurement, as well as the meaning of cost, risk and value in purchasing management. In addition, they know the basic tools of purchasing management.

2. Student recognises the strategic targets of an organisation and procurement, and knows their connection. They know the meaning of cost, risk and value in purchasing management and the affect to each other. In addition, they recognise the basic tools of purchasing management.

Evaluation criteria, good (3-4)

3. Student understands the role of organisation strategy and procurement strategy as a part of strategic management of a business, and knows how they are connected. They understand cost, risk and value in purchasing management, how to use them and their affect to each other. In addition, they understand the basic tools of purchasing management.

4. Student understands the role of different strategies to a business, and knows how to apply the organisational strategy to purchasing strategy. They manage cost, risk and value in purchasing management. In addition, they can apply the basic tools of purchasing management.

Evaluation criteria, excellent (5)

5. Student manages different strategies and knows how to apply the organisational strategy to purchasing strategy. They manage cost, risk and value in purchasing management and know how to use them purchasing strategies. In addition, they manage and know how to apply the basic tools of purchasing management.

Prerequisites

The basics of purchasing. Student is able to find information idependently and to prepare reports. They have basic knowledge of the logistics processes.