Purchasing

Program Overview

This online course introduces the fundamentals of purchasing for supply chain management, covering the purchasing cycle, strategy, best practices, and tools. Students will gain practical skills through case studies and discussion forums, preparing them for careers in purchasing, supply chain management, and related fields.

Program Outline

Degree Overview:

Overview:

This course introduces students to the fundamental concepts of purchasing for supply chain management. It covers the functions involved in acquiring and selling goods, services, and materials, as well as the purchasing cycle and how purchasing activities align with an organization's strategic objectives. The course also explores various elements of a purchasing strategy, including the advantages and disadvantages of centralized purchasing, best practices, and tools and techniques for purchasing applications and oversight.

Objectives:

• Understand the key concepts of purchasing for supply chain management
• Examine the functions that contribute to the acquisition and sale of goods, services, and materials
• Study the purchasing cycle and its integration into an organization's strategy
• Analyze various elements of a purchasing strategy
• Evaluate the advantages and disadvantages of centralized purchasing
• Learn best practices for purchasing
• Explore tools and techniques for purchasing applications and oversight

Outline:

Content:

• Introduction to purchasing
• The purchasing cycle
• Purchasing strategy
• Centralized purchasing
• Purchasing best practices
• Tools and techniques for purchasing

Structure:

• The course is delivered online over 14 weeks.
• Students will complete a series of modules, each covering a different aspect of purchasing.
• Modules will include readings, videos, quizzes, and discussion forums.

Course Schedule:

• The course schedule is flexible, allowing students to complete the course at their own pace.
• Students are expected to complete the course within 14 weeks.

Individual Modules:

• Module 1: Introduction to Purchasing
• Overview of purchasing
• The role of purchasing in supply chain management
• The purchasing cycle
• Module 2: Purchasing Strategy
• Elements of a purchasing strategy
• Advantages and disadvantages of centralized purchasing
• Purchasing best practices
• Module 3: Tools and Techniques for Purchasing
• Tools for purchasing applications
• Techniques for purchasing oversight

Assessment:

Assessment Methods:

• Quizzes
• Discussion forums
• Case studies
• Final project

Assessment Criteria:

• Participation in discussion forums
• Completion of quizzes and case studies
• Quality of final project

Teaching:

Teaching Methods:

• Online lectures
• Readings
• Videos
• Quizzes
• Discussion forums

Faculty:

• The course is taught by experienced professionals in the field of purchasing.

Unique Approaches:

• The course is designed to be interactive and engaging, with a focus on practical application.
• Students will have the opportunity to apply their learning through case studies and discussion forums.

Careers:

Potential Career Paths:

• Purchasing Manager
• Supply Chain Manager
• Logistics Manager
• Inventory Manager
• Procurement Specialist

Opportunities:

• The course provides students with the skills and knowledge necessary to pursue a career in purchasing or supply chain management.
• Graduates will be qualified for entry-level positions in these fields.

Outcomes:

• Upon completion of the course, students will be able to:
• Understand the key concepts of purchasing for supply chain management
• Apply purchasing best practices
• Use tools and techniques for purchasing applications and oversight
• Pursue a career in purchasing or supply chain management