Credit Points 10

Legacy Code 51259

Coordinator Premaratne Samaranayake Opens in new window

Description This subject introduces purchasing and materials management through a number of concepts, processes and methods across a number of industry sectors including manufacturing, service and public sector. It covers a range of topics including purchasing strategy, organisational structure and responsibilities, global supply management, supplier selection and evaluation, procurement process, price/cost analysis, purchasing contract arrangements and inventory management. Students will develop an appreciation of theoretical knowledge in purchasing and materials management and applications and systems currently adopted in organisations. The knowledge and skills developed through lectures, case analyses and hands-on exercises will prepare students to manage a range of purchasing and materials management functions in global organisations.

School Business

Discipline Business And Management

Student Contribution Band HECS Band 4 10cp

Level Postgraduate Coursework Level 7 subject

Restrictions

Students must be enrolled in a postgraduate Business program.

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Describe the impact of effective supply management on overall business performance;
2. Explain the connections between supply management and an organisation�fs business strategy;
3. Analyse the underlying principles that support effective management of purchasing and materials management;
4. Describe procurement process and materials management functions;
5. Integrate the knowledge of sourcing and global supply management for selection and evaluation of potential suppliers;
6. Apply cost management principles and methods in purchasing and materials management.

Subject Content

The Progression to Professional Supply Management
Supply Management: An Organisation-Spanning Activity
Global Supply Management
Outsourcing
Sourcing
Procurement Process
Total Cost of Ownership
Price and Cost Analysis
Methods of Compensation
Inventory Management