School of Management, Unit Catalogue 2011/12 |
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![]() | 6 |
![]() | Masters UG & PG (FHEQ level 7) |
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Modular (no specific semester) Semester 2 |
![]() | CW 100% |
![]() | Like-for-like reassessment (where allowed by programme regulations) |
![]() | Before taking this unit you must take MN50339 and take MN50340 and take MN50341 and take MN50342 and take MN50343 and take MN50344 |
![]() | Aims: To examine and evaluate the principles, concepts and approaches employed in purchasing and supply operations, management, strategy and policy. Learning Outcomes: * Be able to evaluate critically emerging concepts and principles of purchasing and supply; * Understand how to manage the components of the operational purchasing cycle; * Be able to analyse the components of purchasing and supply strategy at different inter-organisational levels; * Be capable of applying appropriate frameworks, models and techniques for developing and managing a portfolio of supply relationships; * Understand the role of purchasing and supply in delivering and supporting broader strategic objectives and policies; * Appreciation of the particular challenges of managing procurement and supply in complex public and service sector supply networks; * Understand the importance of information and knowledge sharing in supply relationships and networks. Skills: Intellectual Skills * Ability to evaluate critically and compare different theories and practices used in strategic supply management (T and A) * Ability to conceptualise purchasing and supply frameworks and methodologies that enables the student to link theory and practice meaningfully and the ability to appraise critically both theory and practice (T and A) Professional Practical Skills * Analytical ability to assess and improve the position of purchasing and supply management in a particular organization (F) * Ability to operate effectively as part of a team (F and A) * Ability to produce case study analysis under conditions of time pressure (F and A) * Ability to produce professional, critical business reports using appropriate referencing formats (T, F and A) * Ability to make presentations in front of an audience (F and A) Transferable/Key Skills * Ability to conceptualise the inter-connections between intra- and inter- organisations systems and processes (T and A) * Ability to conduct in-depth research into business and management issues. (F and A) * Ability to evaluate critically the significance of different research methodologies and the implications of these on theories and frameworks (T and A). Content: What is purchasing and supply and how is it performed? * Understand the changing business context for purchasing and supply * Purchasing and Supply - a framework for operations, management, strategy and policy * Purchasing and supply operations - understanding the requisition to cheque operational cycle, physical/ logistics issues * Purchasing and supply management - planning, controlling and measuring. performance. Value and value for money. Category management. Supply market analysis. Variety management. Supplier development. Vendor performance rating * Purchasing and supply strategy - innovation, range, quality, service, price, delivery, agility, flexibility performance characteristics. * Sourcing strategy - outsourcing/ make or buy/ global/ local sourcing, single and multi sourcing * Relationship strategies - Strategic Relationship Management * Risk strategies in purchasing and supply * Strategic alignment of purchasing and supply with business strategy * Supply policy - aspirational, framework or constraint policies * Supply policies - sustainable purchasing, ethical purchasing Broader issues relating to purchasing and supply * Purchasing and supply at different systems levels - internally, in relationships, chains, networks and systems of supply * Organisation of purchasing and supply - global/ local decision making for operational, managerial, strategy and policy decisions * Learning about so called 'best practice' cases * A taxonomy of supply networks * Corporate social capital and relational capital in purchasing and supply * Public and private sector purchasing and supply - similarities and differences * Mapping purchasing and supply networks. |
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MN50306 is Optional on the following programmes:School of Management
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