This course provides a comprehensive understanding of procurement as a structured and strategic process. You will explore its various phases and learn key guidelines for effective sourcing, gaining valuable insights into procurement’s role as a competitive advantage in the global marketplace. Equip yourself with practical tools and strategies to excel in procurement and drive success in today’s interconnected business environment.
Benefits
- After completing this course, you will be able to understand procurement as a structured process, identifying its various phases and the guidelines essential for effective sourcing activities. You will gain insight into procurement’s role as a competitive tool in the global marketplace and appreciate the strategic importance of sourcing within international supply chains. You will be equipped to evaluate and select suppliers, manage supplier relationships, and understand the complexities involved in building sustainable partnerships. Additionally, you will be able to apply foundational principles of pricing and negotiation in procurement, positioning yourself to navigate complex procurement scenarios with practical skills.
To you who
- This course is designed primarily for regular BSc students pursuing a degree in International Business or related fields, providing them with essential skills for analyzing and implementing internationalization strategies. Additionally, the course is open to online participants interested in expanding their understanding of global market dynamics and international business practices. The hybrid format enables both on-campus students and remote learners to participate actively in lectures, discussions, and projects.
Description
Content
- This course is organized into four modules, covering the procurement process and sourcing guidelines, the strategic role of procurement in global business, supplier selection and relationship management, and key pricing and negotiation strategies.
- Module 1: Introduction to Procurement as a Process
- Module 2: Procurement as a Competitive Tool
- Module 3: Supplier Selection and Relationship Management
- Module 4: Pricing and Negotiation Strategies
Mode of Teaching and Methods
- Contact hours
- Independent study
- Individual Assignment(s)
- Group work
- Feedback
- Self-assessment
Study Material
- The primary textbook for this course is:
- Wallace, Walter L., Xia, Yusen L. & Render, Barry 2015. Delivering customer value through procurement and strategic sourcing: a professional guide to creating a sustainable supply network. Pearson.
- Additionally, the instructor will provide articles, short videos, and lecture presentations throughout the course to support learning and enhance understanding of key topics in company internationalization.
Assessment
- This course incorporates various assessment and feedback methods to enhance student learning, collaboration, and practical application of internationalization concepts.
- Grade 5 (Excellent): Demonstrates advanced understanding of procurement management and applies it effectively. Uses diverse scientific sources, adapts information purposefully, and assesses reliability. Shows initiative, ethical conduct, and cultural awareness.
- Grade 3 (Good): Demonstrates practical understanding of procurement and applies concepts using theory. Retrieves and applies reliable information from field publications. Communicates and acts professionally in interactive tasks.
- Grade 1 (Satisfactory): Understands basic procurement principles and gathers information from various sources. Recognizes the importance of information reliability but may have limited critical evaluation skills.
Assessment methods
- Peer Assessment: Encourages constructive feedback on group contributions, promoting accountability and teamwork.
- Group Work on Final Project: Enables collaborative application of concepts, building critical thinking and problem-solving skills.
- Formative Feedback: Regular feedback on assignments and projects to help students identify strengths and improve continuously.
Schedule and Location
- This course is conducted in a hybrid mode, combining both in-person and online sessions. The schedule includes contact hours, guidance sessions, assignment deadlines, and key assessment dates.
- Course Schedule and Deadline will be published later
More information about the course
Kodjovi Lotchi
Senior Lecturer
School of Business | Business Economics
If you have any questions about student IDs, fees, or cancellation terms, please contact avoin@vamk.fi
We reserve the right to make changes.
Procurement Management
0,00 €
| 3 ECTS |
