SCMT 370 - Procurement and Global Sourcing

3 Credits
This course deepens the understanding of procurement and global sourcing and how it plays a critical role in the overall success of a firm and the continuity and efficiency of the supply chain. The students are enriched with the strategic nature of purchasing and gain the ability to demonstrate that it involves much more than simply buying goods and services. This course examines the various components of procurement with emphasis on the purchasing process, supplier selection and evaluation, supplier quality, global sourcing, cost management, negotiation, and performance management and evaluation.

Corequisite(s): MGMT 357
Course Learning Outcomes:
1. Perform a market resource assessment for an established procurement need.
2. Analyze risk in the sourcing process to comply with appropriate institutional practices.
3. Compare the tactics in optimizing the management of suppliers.
4. Apply key principles of strategic procurement.
5. Describe the key processes involved in domestic and international purchasing negotiation.