Year
2021
Units
4.5
Contact
1 x 3-hour workshop weekly
Prerequisites
18 units of BUSN topics
Assessment
Assignment(s), Examination(s)
Topic description

This topic aims to provide students with a foundational understanding of the theories and concepts required to effectively manage procurement in organisations. Procurement involves sourcing, purchasing and selection of supplies to an organisation and hence is crucial for an efficient supply chain. As such the topic outlines the purchasing procedures and practices, key elements in strategic sourcing and analysis methods for effective procurement decision making.

Educational aims

This topic aims to provide students with an introduction to the principles, practices and issues relevant to effectively manage procurement in organisations. The students will evaluate the processes and systems in place for purchasing and managing supply bases.

This topic aims to:

  • Allow students to appreciate the strategic importance of the procurement function
  • Provide students with the understanding of the purchasing policies, procedures, laws and ethics
  • Provide students with the understanding of the key elements in strategic sourcing and link to competitiveness
Expected learning outcomes
On completion of this topic you will be expected to be able to:

  1. Describe purchasing and supply management concepts, theories and principles
  2. Critically reflect on the procedures, techniques and elements in the purchasing and supply management process, their strategic importance for organisations and the present challenges
  3. Analyse business scenarios by applying purchasing and supply management theories and concepts and recommend solutions
  4. Work collaboratively with team members to conceptualise and synthesise information obtained from various resources to develop and present an account of knowledge in purchasing and supply management

Key dates and timetable

(1), (2)

Each class is numbered in brackets.
Where more than one class is offered, students normally attend only one.

Classes are held weekly unless otherwise indicated.

FULL

If you are enrolled for this topic, but all classes for one of the activities (eg tutorials) are full,
contact your College Office for assistance. Full classes frequently occur near the start of semester.

Students may still enrol in topics with full classes as more places will be made available as needed.

If this padlock appears next to an activity name (eg Lecture), then class registration is closed for this activity.

Class registration normally closes at the end of week 2 of each semester.

Classes in a stream are grouped so that the same students attend all classes in that stream.
Registration in the stream will result in registration in all classes.
  Unless otherwise advised, classes are not held during semester breaks or on public holidays.