TLM 308 Procurement and Supply Management

5 credits

This course covers strategic issues in procurement and supply management. Topics covered include purchasing process, procurement cycle, purchasing research, relationship with suppliers, negotiation, and commodity planning, as well as cost, price, and value analysis.

Prerequisites: TLM 301 and MATH 246

Course Outcomes
Upon successful completion of this course students will be able to:

Explain basic purchasing and supply processes
Explain strategic sourcing including (global) supplier selection and evaluation
Analyze supplier relationships, including cost/price analysis and value analysis
Evaluate methods used to automate procurement
Develop procurement strategies

Program Outcomes
This course teaches to the following program outcomes:

demonstrate mastery of the tools, techniques, and technologies associated with the management of goods movement, inventory maintenance, fleet management, commercial vehicle procurement and disposal, and/or production management
identify and apply the business processes, economic factors, and personnel considerations needed to operate or manage a business, or team/section within a commercial entity
describe sound principles of organizational behavior

Total Hours: 50 Theory (Lecture) Hours: 50