COURSE DATE:
January 17 - April 18, 2023
LOCATION:
Brightspace - D2L Virtual Platform
BRIEF DESCRIPTION:
The focus of this course is on matters of tactical significance, from defining supply management for an organization, to identifying specific tools and techniques that are often used in the procurement process.
The lessons in this course are interrelated. In Lesson 1, we discuss what a supply chain is and how purchasing fits within the overall supply chain. This will be followed by exploring the following concepts and tools:
- Tendering
- Sourcing
- Supplier Evaluation and Selection
- Ethics
- Lean Supply (Inventory) Basics
- Cost Management, Total Cost of Ownership, Break-Even
- Learning Curve
- Information Technology Use in Purchasing
- Negotiation
- Contract and Canadian Competitive Bidding Laws
- Quality Needs
- Buying Services
- Performance Evaluation
- Government Purchasing and Resale/Retail Buying
Textbook: https://www.cengage.ca/webapp/wcs/stores/servlet/en/micrositesca/SCC-SMT-Procurement
Purchasing and Supply Chain Management, 7th Edition, Monczka/Handfield/Giunipero/Patterson - ©2021
KEY TAKE-AWAYS:
Upon completion of this course participants should be able to do the following:
- Describe the historical developments of procurement and how it fits within an overall supply chain
- Define supply chain management, value chain and purchasing
- Define types of tender processes and explain their uses
- Understand the integration of supply chain with enterprise objectives
- Explain best practices for sourcing, selecting, and evaluating suppliers
- Explain contract formation, the competitive bidding laws of Canada and ethics
- Apply negotiation tactics and techniques appropriately
- Appreciate the use of calculations for the total cost of ownership, the break-even point, cost management and the learning curve
- Understand the need for quality from suppliers
- Describe the basics and need for lean inventory management
- Explain the differences between commercial, government and retail buying of goods and services
INSTRUCTORS:
- Helmut Kollross
- Bess Wong