Strategic Procurement

Course Description

This unit aim is to provide learners with an understanding of how procurement strategy is developed in business. The unit will focus on best practices in strategic procurement in business, the contribution of purchasing (strategic procurement) to supply chain management, strategic procurement and management in procurement models and procurement strategies used in business management.

Course Objectives

This unit aim is to provide learners with an understanding of how procurement strategy is developed in business. The unit will focus on best practices in strategic procurement in business, the contribution of purchasing (strategic procurement) to supply chain management, strategic procurement and management in procurement models and procurement strategies used in business management.

Key Topics

1. LO1: Understand best practices in strategic procurement in business.
2. LO2: Understand the contribution of purchasing (strategic procurement) to supply chain management.
3. LO3: Understand strategic procurement and management in procurement models.
4. LO4: Understand procurement strategies used in business management.

Course Outline

Learning Outcomes

1. LO1 Understand best practices in strategic procurement in business.
2. 1.1 Explain the role of purchasing in business.
3. 1.2 Describe the purchasing relationship with the other functions in strategic procurement in business.
4. 1.3 Evaluate the purchasing and product lifecycle and new product development processes in strategic procurement in business management.
5. LO2 Understand the contribution of purchasing (strategic procurement) to supply chain management.
6. 2.1 Explain the purchasing decision process in business.
7. 2.2 Analyse sources of purchasing information in strategic procurement in business.
8. 2.3 Evaluate the operational and strategic supply chain decision process in strategic procurement in business management.
9. LO3 Understand strategic procurement and management in procurement models.
10. 3.1 Asses corporate strategies and strategic procurement in strategic procurement in business management.
11. 3.2 Evaluate the Total Quality Management (TQM) driven purchasing strategies.
12. 3.3 Analyse the portfolio driven supply strategies in strategic procurement business management.
13. LO4 Understand procurement strategies used in business management.
14. 4.1 Explain traditional purchasing with lean, agile and virtual supply chain in strategic procurement in business management.
15. 4.2 Evaluating purchasing in different industries in strategic procurement in business management.