Purchasing Management (5 cr)

Evaluation scale

0-5

Objective

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

Materials

The course material consists of lecture slides in the Moodle as well as scientific articles, case-studies and videos.

Literature:
Hemmo, M., & Hoppu, K. (2006). Sopimusoikeus. WSOYPro. (e-book)
Kamensky, Mika. (2015). Menestyksen timantti. Talentum. (also editions 2014 ja 2010 with name "Strateginen johtaminen" are ok)
Nieminen, Sanna. (2016). Hyvä hankinta - parempi bisnes. Talentum. (e-book)
Weele, Arjan J. van. (2010 or 2014) Purchasing & Supply Chain Management: Analysis, Strategy, Planning and Practice. 5th tai 6th ed. London: Cengage Learning.

Teaching methods

This implementation combines face-to-face teaching and independent online implementation. Contact teaching includes contact lessons at campus, self-study and small group work. The online implementation contains contents that can be studied independently.

The detailed implementation method will be specified at the beginning of the course. The student must confirm his/her participation in the course within 3 weeks of the start of the course.

The course uses the Moodle learning environment.

Employer connections

The course may have a visiting lecturer and an excursion in face-to-face lessons.

Exam schedules

The course includes an exam/exams, the date of which will be specified at the beginning of the course.

Student workload

The calculated workload is the number of credits times 27 hours.

In the 5-credit course, the workload is 135 hours

Assessment criteria, satisfactory (1)

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.

Assessment criteria, good (3)

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.

Assessment 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.

Qualifications

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

Further information

The course has continuous reflection and feedback. Reflection is made throughout the course and feedback is given by the teacher or collague students.

The evaluation is based on the learning tasks and the exam(s).