BUSSCM 1740 - PURCHASING & SUPPLY MANAGEMENT

Minimum Credits: 3
Maximum Credits: 3
Purchasing and supply management play an essential role in the ability of the firm to operate efficiently and be competitive in the contemporary global business environment. Included in these processes are activities involved in identifying potential suppliers, creating relationships with selected suppliers, obtaining the needed materials in the most efficient quantities at the highest quality levels, and developing strategies designed to ensure an uninterrupted flow of goods and materials. Purchasing is increasingly a strategic activity which impacts all areas of the firm, including product design, information system design, e-commerce activities, manufacturing planning and control, inventory management, human resource development, financial planning, forecasting, sales, and quality management. The objective of this course is to make students aware of the demands placed upon purchasing professionals, and to understand the impact of purchasing on the competitive success and profitability of the firm. They must also have an understanding of legal and ethical considerations which affect purchasing decision-making.
Academic Career: Undergraduate
Course Component: Lecture
Grade Component: Letter Grade
Course Requirements: PREQ: BUSQOM 0050 and BUSQOM 1070 (MIN GRADE ‘C’) and STAT 1100; PLAN: Accounting, Finance, General Management, Global Management, Marketing, Business Information Systems, Human Resources Management, Supply Chain Management and Undeclared CBA Majors

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