Purchasing and Value Analysis
|Course Name||Purchasing and Value Analysis|
|Description||Purchasing and Value Analysis will offer a well-rounded introduction to purchasing (industrial buying) and related supply chain activities.
Aside from its focus on the procurement of materials and reducing total costs, the course will also look at:
• The role of a buyer in an organization;
• Developing purchasing policies and procedures;
• Describing product quality;
• Developing procurement plans;
• Negotiating prices;
• Building good supplier relationships;
• Reducing material costs by applying value analysis techniques.
Additionally, institutional purchasing will be briefly mentioned in the Purchasing and Value Analysis course.
Through the use of tests, a term project and other teaching tools such as assignments, case studies, in-class work, group work, quizzes, participation and attendance, you will gain the ability to:
• Describe the importance of purchasing and supply chain function in an organization and develop the objectives of a purchasing department;
• Prepare the detailed policies and procedures used in the purchasing function;
• Describe quality of materials and interpret material specifications;
• Research and locate sources of supply (vendors), do pre-buying vendor evaluation and prepare a vendor rating plan;
• Apply pricing principles and obtain fair prices using negotiation and/or competitive bidding techniques;
• Value analyze products to reduce costs and improve quality, and to implement a value analysis program in a company;
• Appreciate the computer technology associated with the purchasing cycle;
• Discuss and describe the implications of global supply.
|Section||Cost||Semester||Start Date||End Date||Meeting Times||Campus|
|There are no sections for this course at this time.|
|Legend for Days
M - Monday T - Tuesday W - Wednesday R - Thursday F - Friday S - Saturday U - Sunday
TBA - To Be Announced