GSCM 403

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Purchasing and Supply Management

Marketing and Global Supply Chain Marriott School of Business

Course Description

Focuses on upstream supply chain activities of supplier selection, management, and development. Negotiation, costing, product development, and commodity analysis.

When Taught

Fall

Min

3

Fixed/Max

3

Fixed

3

Fixed

0

Other Prerequisites

For Global Supply Chain majors only.

Title

Strategic analysis, planning, an execution

Learning Outcome

Conduct a category study for a particular commodity in the the context of an existing company, including internal analysis, market analysis, strategy development, and plans for execution.

Title

Understanding and applying cost analysis tools

Learning Outcome

Understand direct and indirect costs, fixed, step, and variable costs, target costs, and various ways to perform cost analyses to drive continuous improvement.

Title

Ethical Professional Standards

Learning Outcome

Describe the ethical and professional standards expected among supply management professionals.

Title

Find, develop, and manage suppliers

Learning Outcome

Understand the critital steps in procurement process, including identifying what is needed, finding potential suppliers, negotiating with the chosen supplier, developing the right relationship with that supplier, and then managing the supplier so they can be successful.