Procurement Management
Overview
Procurement involves sourcing, ordering and purchasing supplies and efficient procurement management is essential for any professionally run organisation. The purchasing decision and acquisition of goods and services can require complex negotiations and may involve establishing, maintaining as well as terminating relationships with suppliers and vendors locally, nationally and globally. In this unit students will explore various facets of the procurement process, and consider how procurement management impacts on the organisation both financially and operationally.
Requisites
Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Learning outcomes
Students who successfully complete this unit will be able to:
- Articulate and defend a purchasing decision in a given business context
- Analyse how purchasing decisions influence the supply chain management process in a range of complex situations
- Research and make judgements about issues that influence sourcing decisions in given environments
- Work collaboratively in teams to communicate with stakeholders and to solve complex procurement problems
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Face to Face Contact (Phasing out) Lecture | 2.00 | 12 weeks | 24 |
| Face to Face Contact (Phasing out) Tutorial | 1.00 | 12 weeks | 12 |
| Unspecified Learning Activities (Phasing out) Independent Learning | 9.50 | 12 weeks | 114 |
| TOTAL | 150 |
Swinburne Online
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Online Directed Online Learning and Independent Learning | 12.50 | 12 weeks | 150 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Examination | Individual | 30 - 50% | 1,2 |
| Presentation | Group | 10 - 20% | 1,4 |
| Project | Group | 20 - 30% | 2,3,4 |
| Research Project | Individual | 20 - 30% | 2,3 |
Content
- Organisational purchasing process and practices
- Supplier selection processes
- Maintaining relationship with suppliers
- Importance of procurement in integrated supply chains
- Factors influencing pricing
- Importing goods and services, including the effect of currency fluctuations
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.