Supply Sourcing and Cost Analysis

Understand the challenges facing a contemporary supply department and the various methods of operating to meet those challenges. The class will examine purchasing department objectives, organization, and administration, centralization vs. decentralization, logistics management, purchaser-seller relationships, subcontracting, strategic alliances and more. Students will become familiar with the legal aspects of purchasing and how supplier relations are a key element of supply chain management.

Course Learning Deliverables

• Understand how Purchasing organizations operate
• Learn industry key industry terminology
• Understand purchasing applications
• Recognize “Best Practices” within the industry
• Understand value added purchasing actions vs non-value added actions.