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.
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:
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