2OPRE 6371 – Purchasing & Sourcing ManagementStudent Learning Outcomes/ObjectivesKnow the role and function of Purchasing, Sourcing and Contract management.Understand and use industry related acronyms, vernacular, terms, processes, organization structures, job descriptions and customer-supplier relationships Realize the importance of Purchasing and Supply management in modern day business.
3OPRE 6371 – Purchasing & Sourcing ManagementStudent Learning Outcomes/ObjectivesLearn the major process steps typically involved in Purchasing and Supply management.Use basic Purchasing and Supply management decision-making for problem solving.Demonstrate knowledge of insourcing, outsourcing, make versus buy, cost management and negotiation.Apply Supply Chain principles, techniques and knowledge to solve operational problems and develop strategies for Supply Chain projects and case studies.
4OPRE 6371 – Purchasing & Sourcing ManagementPurchasing & Supply Management IntroductionReferenced Textbook is 14thedition PSM Johnson, Leenders and FlynnCase Studies added, half of total are newFocus on decision making in the Supply Chain strengthenedJob of the Supply Manager has changedScope of work much more expanded role Cost containment and improvementRevenue enhancementCriteria for Supply decisions in three categoriesStrategicOperationalAdditional – growing in relevance, even more complex challenge»Balance sheet & income statement considerations»Dimensions of risk, environmental and social considerationsCombination of theoretical and practicalReal world scenarios reviewed in case studies
6OPRE 6371 – Purchasing & Sourcing ManagementLearning Objectives – Unit 1Review the importance of Purchasing & Sourcing ManagementIntroduce terminology, supply & logisticsSize of organization Spend & financial significanceThe nature of the organizationExamine Supply qualifications & associationsLook at challenges ahead for Supply Managers
7OPRE 6371 – Purchasing & Sourcing ManagementCorporate Supply Increasing ImportanceIncreased outsourcing places great reliance on suppliers to respond to end-customer needsGreater dependence on suppliers for design and build responsibilities for complete subassemblies and subsystemsIncreased global competitionDevelopment of new product technologiesEvolving information systems Trend to single sourcing with fewer key suppliers and strategic supplier relationships
8OPRE 6371 – Purchasing & Sourcing Management2000’s Decade Recap – Business & TechnologyY2K, 9/11AOL / Time WarnerWikopediaFacebook, TwitterIpod, IphoneEnron, Worldcom2008 Financial meltdownBernie MadofYoutubery=2000%27s+decade+recap&aq=f“Nothing is Certain any more…”