Strategic Procurement

Structure Type:	Study unit
Code:	TL00BR38
Curriculum:	LT 2025V
Level:	Bachelor of Business Administration
Year of Study:	2 (2026-2027)
Semester:	Autumn
Credits:	5 cr
Responsible Teacher:	Myllylä, Teemu
Language of Instruction:	English

Learning Outcomes

This course provides students with understanding of procurement as a critical business process and a strategic tool for achieving competitive advantage. Students will learn the procurement as a process and it’s phases, supplier selection, relationship management, negotiation strategies, and pricing dynamics. The course emphasizes the role of procurement in fostering strong supplier partnerships and creating value within organizations. Upon successful completion of the course, students will be able to: Understand the phases of the procurement process and their strategic importance. Utilize procurement as a tool to enhance organizational competitiveness. Identify and apply effective criteria for supplier selection and evaluation. Manage supplier relationships and conduct successful negotiations to achieve mutually beneficial outcomes. Know different pricing strategies and their implications in decision-making.

Student's Workload

1 ECTS credit = 27 hours of work

Prerequisites / Recommended Optional Courses

Logistics
Finance and Operations in Global Trade
Production Optimization

Procurement as a process and its phases
- Guidelines for sourcing activities
Procurement as a competitive tool
Supplier selection
Relationship management & negotiations
Pricing

Regional Impact

Visitors and examples from international companies operating in our region are utilized when possible

Internationality

This course provides an international dimension through diverse material examples and student perspectives. Students act in multicultural teams as part of the course. According to the possibilities connections to business life are used to provide real-life examples from the field of international business