GB 6244 - Strategic Procurement

Competition is no longer company versus company; it is supply chain versus supply chain. More and more, companies are counting on their suppliers to lower costs, improve quality, and develop innovations. The success of a firm and its ability to satisfy customer expectations are influenced greatly by the capabilities and performance of its suppliers. The objectives of this course are to understand the relationship between suppliers and customer, determine which elements in the relationship are critical, examine how relationships vary among industries and products, and develop and implement effective supplier relationships. The course should help firms identify ways to categorize and organize suppliers, build and retain good supplier relationships and ensure that suppliers meet quality and delivery requirements. This should lead to a better understanding of supplier relationships so that better strategic sourcing decisions can be made. Using this approach, companies can reduce enterprise spending, consolidate and prioritize suppliers, reduce supplier risk, and align procurement strategies with corporate goals.

3 credits