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

Moodle teaching materials
Nieminen, Sanna. (2025). Hyvä hankinta, kestävä bisnes. Alma Insights.
Nieminen, Sanna. (2016). Hyvä hankinta - parempi bisnes. Talentum.

Recommended literature:
Hemmo, M., & Hoppu, K. (2006). Sopimusoikeus. WSOYPro. (päivitetty e-kirja JAMKin kirjastossa)
Kamensky, Mika. (2015). Menestyksen timantti. Talentum. (myös kirjan painokset 2014 ja 2010 nimellä "Strateginen johtaminen" käyvät)
Weele, Arjan J. van. (2022) Procurement and supply chain management. Cengage Learning.
Weele, Arjan J. van. (2010 tai 2014) Purchasing & Supply Chain Management: Analysis, Strategy, Planning and Practice. 5th tai 6th ed. London: Cengage Learning.

Teaching methods

The course is delivered online, so learning will take place independently through literature and online teaching materials.

Each topic will include a related learning assignment. Learning assignments may include interactive components.

Exam schedules

The course includes an Exam, which can be taken according to your own schedule at the end of the course. The exam can be retaken, but the result of the retake will be final.

Student workload

Self-study, learning assignments and exam totaling 135 hours (27 hours per credit).

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 a three-week rule. This means that the assignment announced at the beginning of the course must be completed within three weeks of the course start date. If the assignment is not completed, the student's enrollment will be canceled.

A successfully completed course is graded on a scale of 1-5. A passing grade requires that each learning assignment is completed at an acceptable level, the exam is taken, and at least 50% of the total course points are achieved.