MS6323 - Strategic Sourcing and Procurement
|* The offering term is subject to change without prior notice|
This course introduces the concepts, principles and methods for strategic sourcing and purchasing and their implementation in practice. We start from introducing key drivers of purchasing processes and the strategic roles and values of purchasing and supply management in value chains and discussing how to align a firm’s purchasing and sourcing strategy with its corporate strategy and introduce a portfolio analysis approach. We then introduce the core topics in strategic sourcing: supplier evaluation, selection and relationship management, global sourcing strategy, service outsourcing/E-sourcing/crowdsourcing, financial and risk management in sourcing, supply chain finance, negotiation, contracting and legal issues, green sourcing and sustainability issues, and market research method and data analytics in strategic sourcing, etc. We also invite professional guest speakers to introduce industrial practices. The form of the course delivery consists of lectures, case studies, individual/group coursework, presentations and interactions with practitioners.
Assessment (Indicative only, please check the detailed course information)
Continuous Assessment: 60%
Examination Duration: 2 hours
Detailed Course Information
|Department of Management Sciences|