PROCUREMENT AND SUPPLY MANAGEMENT

Prerequisites & course information

Requisites: Sophomore standing and ( MARKETNG 300 or OTM 300 ) or declared in undergraduate Business Exchange program Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Identify the importance of supply management, its functions and impact within firms, and the managerial strategies and operational tactics required of entry-level professionals in supply change management. Audience: Undergraduate 2. Analyze a scenario to determine the appropriate sourcing strategy, [and] propose the most effective supplier management processes. Audience: Undergraduate 3. Apply, at a foundational level, the necessary legal and ethical considerations to the examination and implementation of supply management. Audience: Undergraduate 4. Apply a proper process in evaluating a decision to outsource and utilize a rigorous approach to the development of service contracts. Audience: Undergraduate 5. Assess which of the generic purchasing and P2P process steps add value, explain the basis for that assessment, and suggest possible improvement methods. Audience: Undergraduate 6. Demonstrate how to operationalize cost management and use it to make decisions. Audience: Undergraduate 7. Prepare a risk assessment utilizing the knowledge and tools acquired in class. Audience: Undergraduate Learning Outcomes: 1. Identify the importance of supply management, its functions and impact within firms, and the managerial strategies and operational tactics required of entry-level professionals in supply change management. Audience: Undergraduate 2. Analyze a scenario to determine the appropriate sourcing strategy, [and] propose the most effective supplier management processes. Audience: Undergraduate 3. Apply, at a foundational level, the necessary legal and ethical considerations to the examination and implementation of supply management. Audience: Undergraduate 4. Apply a proper process in evaluating a decision to outsource and utilize a rigorous approach to the development of service contracts. Audience: Undergraduate 5. Assess which of the generic purchasing and P2P process steps add value, explain the basis for that assessment, and suggest possible improvement methods. Audience: Undergraduate 6. Demonstrate how to operationalize cost management and use it to make decisions. Audience: Undergraduate 7. Prepare a risk assessment utilizing the knowledge and tools acquired in class. Audience: Undergraduate