Procurement Management
| Structure Type: | Study unit |
|---|---|
| Code: | TIS1803 |
| Curriculum: | IB 2024 |
| Level: | Bachelor of Business Administration |
| Year of Study: | 3 (2026-2027) |
| Semester: | Spring |
| Credits: | 3 cr |
| Responsible Teacher: | Myllylä, Teemu |
| Language of Instruction: | English |
Taking the course in advance? See the courses during the academic year 2024-2025.
Learning Outcomes
To give the student an overview of procurement and purchasing, its principles and responsibilities in international businesses. Students are able to understand the role of sourcing activities in the context of international business and supply chains.
Student's Workload
Total work load of the course: 81 h - of which scheduled studies: 39 h - of which autonomous studies: 42 h
The assessment of student's own learning 1 h is included in contact lessons.
Prerequisites / Recommended Optional Courses
International Supply Chain Management
Contents
Procurement as a process and its phases
- Guidelines for sourcing activities
Procurement as a competitive tool
Supplier selection & Relationship management
Pricing and negotiating
Regional Impact
Course includes examples of procurement management from local industries, which can be presentations, cases or similar
Visiting lecturers from Global companies
Internationality
Procurement related activities discussed in the course are approached from the view point of international businesses environment.
Recommended or Required Reading and Other Learning Resources/Tools
Wallace, Walter L., Xia, Yusen L. & Render, Barry 2015. Delivering customer value through procurement and strategic sourcing : a professional guide to creating a sustainable supply network. Pearson.
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, visitors, group work and presentations.
Assessment Criteria
5: Student understands state of art in procurement management and can to a great extent apply learned issues in practice. In assignments, the student can use different sources of scientific publications, modify sources of information for different purposes and assess the reliability of the information. The student takes initiative, acts ethically and shows cultural understanding in different situations.
3: Student understands procurement management in practice and can apply learned issues in practice utilizing theoretical information. In assignments, the student retrieves information from publications in the field, applies the acquired information and ensures reliability of the information. In interactive tasks and situation the student acts and communicates professionally.
1: Student understands basics of procurement management and student is able to retrieve and utilize information from various sources and understands the significance of the reliability.
Assessment Methods
Course Assignment & Pair Assignments - Numerical 0-5