Procurement and Purchasing
| Code | School | Level | Credits | Semesters |
| BUSI4613 | Nottingham University Business School China | 4 | 10 | Spring China |
- Code
- BUSI4613
- School
- Nottingham University Business School China
- Level
- 4
- Credits
- 10
- Semesters
- Spring China
Summary
Strategic sourcing concepts, Supplier management, Supplier segmentation, Category management, Negotiation, Retail buying, Services sourcing, Compliance, Sustainability, Procurement organisation
Target Students
Optional module forMSc International Business (Supply Chain Management)
Classes
- One 1-hour seminar each week for 5 weeks
- One 1-hour-30-minute lecture each week for 10 weeks
1.5 hours per week lectures x 10 weeks, supplemented by 5 x 1 hours of seminars
Assessment
- 20% Coursework 1: reflective report (1,500 words) (20%)
- 10% Coursework 2: Group negotiation exercise (10%)
- 70% Exam 1 (1-hour-30-minute): 1.5 Hour Examination
Educational Aims
This module introduces students to the topics of sourcing, procurement and purchasing. It provides students with an appreciation and understanding of strategic sourcing, and the issues, decisions and techniques purchasing managers should be familiar with, in particular: Costs related to sourcing decisions, and how to compare different sourcing alternatives. Behavioural factors and the impact of incentives in sourcing and dealing with suppliers. Organisational forms for purchasing and controlling of this function, centralisation of purchasing and maverick behaviour. The relationship with suppliers and the involvement of suppliers. Factors to consider when preparing for negotiations and conducting them.Learning Outcomes
Learning Objectives & Outcomes Please tick all that apply - including at least one under each heading
Knowledge and understanding: This module develops a knowledge and understanding of:
The management of the supply chain
The dynamics of the global economy and international business &/or an awareness
of cultural, legal/regulatory, political, and economic differences across countries &/or
an appreciation of management issues from a global perspective.
Markets - the development and operation of markets for resources, goods and services
The management of resources
The management of operations
The management of procurement
The importance of sustainability issues, including an understanding of the challenges
and opportunities arising from the activities of people and organisations on the economic, social and environmental conditions of the future.
Strategic management - the development and implementation of appropriate strategies within a changing environment
Intellectual Skills: This module develops:
Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately
Being able to solve complex problems and make decisions: establish criteria, using appropriate decision-making techniques including identifying, formulating and solving business problems; and the ability to create, identify and evaluate options; the ability to implement and review decisions
Using information and knowledge effectively in order to abstract meaning from information and to share knowledge, including the use of quantitative skills
Professional Practical Skills: This module develops:
Effective performance within team environments and the ability to recognise and utilise individuals' contributions in group processes and to negotiate and persuade or influence others; team selection, delegation, development and management. Leadership and performance management: selecting appropriate leadership style for different situations; setting objectives, motivating, monitoring performance, coaching and mentoring
The ability to recognise and address ethical dilemmas, corporate social responsibility and sustainability issues, applying ethical and organisational values to situations and choices
Transferable (key) Skills: This module develops:
High personal effectiveness: critical self-awareness, self-reflection and self-management; time management; conflict resolution, displaying commercial acumen, the ability to continue to learn through reflection on practice and experience
Soft skills: understanding the needs of others and empathy towards them; sensitivity to diversity in people and in different situations
Conveners
- Dr Jinan Shao