Unit 1 Purchasing Supply Management(1) - Purchasing Sourcing Contract Management OPRE 6371.501 Welcome OPRE 6371 Purchasing Sourcing Management 1

Unit 1 Purchasing Supply Management(1) - Purchasing...

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1 OPRE 6371 – Purchasing & Sourcing Management Purchasing, Sourcing & Contract Management OPRE 6371.501 Welcome!
2 OPRE 6371 – Purchasing & Sourcing Management Student Learning Outcomes/Objectives Know 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.
3 OPRE 6371 – Purchasing & Sourcing Management Student Learning Outcomes/Objectives Learn 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 strategic sourcing, insourcing, outsourcing, make versus buy, cost management and negotiation. Apply principles, techniques and knowledge to solve operational problems and develop strategies for SCM projects and case studies.
4 OPRE 6371 – Purchasing & Sourcing Management Purchasing & Supply Management Introduction Referenced Textbooks, some required readings Job of the Supply Manager has changed Scope of work much more expanded role Cost containment and improvement Revenue enhancement Supply decisions in three categories Strategic Operational Additional – growing in relevance, more complex challenges » Balance sheet & income statement considerations » Dimensions of risk, environmental and social considerations, sustainability Combination of theoretical and practical Real world scenarios reviewed in case studies
5 OPRE 6371 – Purchasing & Sourcing Management OPRE 6371 Purchasing & Sourcing Management Unit 1 Introduction to Purchasing & Supply Management
6 OPRE 6371 – Purchasing & Sourcing Management Learning Objectives – Unit 1 Review the importance of Purchasing & Sourcing Management Introduce terminology, supply & logistics Size of organization Spend & financial significance The nature of the organization Examine Supply qualifications & associations Look at challenges ahead for Supply Managers
7 OPRE 6371 – Purchasing & Sourcing Management Corporate Supply Increasing Importance Increased outsourcing places great reliance on suppliers to respond to end-customer needs Greater dependence on suppliers for design and build responsibilities for complete subassemblies and subsystems Increased global competition Development of new product technologies Evolving information systems Trend to single sourcing with fewer key suppliers and strategic supplier relationships
8 OPRE 6371 – Purchasing & Sourcing Management 2000’s Decade Recap – Business & Technology Y2K, 9/11 AOL / Time Warner Wikopedia Facebook, Twitter Ipod, Iphone Enron, Worldcom 2008 Financial meltdown Bernie Madof Youtube ry=2000%27s+decade+recap&aq=f “Nothing is Certain any more…”
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