GSCM 403
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Purchasing and Supply Management
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.