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Procurement Management

Structure Type: Study unit
Code: TIS1803
Type: Compulsory
Curriculum: LT 2019V
Level: Bachelor of Business Administration
Year of Study: 3 (2021-2022)
Credits: 3 cr
Responsible Teacher: Myllylä, Teemu
Language of Instruction: English

Courses During the Academic Year 2021-2022

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
3003LT2020-2K2022-01-03 – 2022-05-01Teemu MyllyläEnglish2021-12-01 – 2022-01-10
3005IB2019-3A, IB2019-3B2022-01-03 – 2022-05-01Teemu MyllyläEnglish2021-12-01 – 2022-01-10
3006LT2019V-3K2022-01-03 – 2022-05-01Teemu MyllyläEnglish2021-12-01 – 2022-01-10

Still need to take the course? See the courses during the academic year 2022-2023.

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 strategic role of sourcing in the context of international 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. Procurement as a competitive tool. Supplier selection and relationship management. Pricing and terms negotiation. Evaluation of bids.

Regional Impact

Course includes analyses or examples of procurement management from local industries, which can be presentations, cases or similar

Internationality

Examples from international businesses are given in the course

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, 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

Numerical (0-5). Assignment 50%, Examination 50%.


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