Procurement, Competitive Bidding & Contract Management

Students will focus on decision making throughout the supply chain based on the conviction that supply managers, in concert with suppliers and distributors, have to contribute to organizational goals and strategies. This course emphasizes the need to consider 'total cost of purchase' as opposed to just the purchase price. Students will develop familiarity with electronic procurement methodology, planning for outsourcing, accepting the need for risk management, and improving collaboration within the procurement process.